secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001173514-23-000067
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale adds $25M FILO tranche, switches to SOFR in credit facility amendment
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- New $25.0 million FILO commitment established under revolving credit facility; fully utilized on closing.
- Benchmark rate for USD borrowings changed from LIBOR to Term SOFR.
- FILO loans bear interest at base rate +2.25% or Term SOFR +3.25%.
- FILO commitment amortizes at $4.17M/month starting Dec 1, 2023; terminates May 1, 2024.
- Total facility now $325M: domestic $210M, foreign $90M, plus FILO $25M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000067/0001173514-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000067/hy-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001173514-23-000067

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