---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-304652"
form_type: "8-K"
ticker: "MIDD"
cik: "0000769520"
company_name: "MIDDLEBY Corp"
filed_at: "2021-10-22T23:59:59+00:00"
generated_at: "2026-06-28T18:57:22.197039+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Middleby enters into $4.5B credit facility, replacing $3.1B prior facility

## Summary
- New credit agreement totals $4.5B: $1B term loan, $750M delayed draw term, $2.75B revolver.
- Facility matures in 2026, includes $625M+ accordion feature based on EBITDA.
- Financial covenants: min Interest Coverage 3.00x, max Secured Leverage 3.75x (4.25x for qualified acquisitions).
- Proceeds used to refinance prior $3.1B facility and for general corporate purposes, including acquisitions.
- Obligations secured by substantially all assets of Middleby Marshall and certain subsidiaries, guaranteed by Middleby Corp.

## SEC filing metadata
- accession: 0001193125-21-304652
- form_type: 8-K
- ticker: MIDD
- cik: 0000769520
- company_name: MIDDLEBY Corp
- filed_at: 2021-10-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/769520/000119312521304652/0001193125-21-304652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/769520/000119312521304652/d210688d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-304652
- JSON: https://secwatch.observer/filing/0001193125-21-304652.json
- Plain text: https://secwatch.observer/filing/0001193125-21-304652.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.