secwatch.observer — SEC 8-K summary
======================================

Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001173514-25-000063
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale enters $300M revolving credit facility maturing 2030, replaces prior facility due 2026
--------------------------------------------------------------------------------

- Facility: $210M domestic + $90M foreign revolving credit lines, matures June 24, 2030.
- Can be increased to $400M in $10M increments with lender approval.
- Interest margins: base rate +0.25%-0.75%, Term SOFR/EURIBOR +1.25%-1.75% based on excess availability.
- Replaces prior facility set to mature June 24, 2026.
- Covenants limit dividends; requires minimum fixed charge coverage if excess availability <10% of borrowing base or $20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351425000063/0001173514-25-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351425000063/hy-20250624.htm
  HTML page:      https://secwatch.observer/filing/0001173514-25-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer