secwatch.observer — SEC 8-K summary
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Issuer:     LINDSAY CORP (LNN)
CIK:        0000836157
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001193125-21-262075
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lindsay Corp extends credit facility to Aug 2026, adds $50M accordion, transitions to SOFR
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- Third Amendment to $50M unsecured revolver; accordion feature allows request for up to $50M additional capacity.
- Termination date extended from May 2022 to August 26, 2026.
- Benchmark rate transitions from LIBOR to Daily Simple SOFR; pricing grid margin tiers increased by 10 bps.
- Unused commitment fee range reduced from 0.15%-0.25% to 0.125%-0.20% per annum.
- Line of Credit Note amended and restated; new note filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/836157/000119312521262075/0001193125-21-262075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/836157/000119312521262075/d176690d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-262075

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