secwatch.observer — SEC 8-K summary
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Issuer:     COOPER COMPANIES, INC. (COO)
CIK:        0000711404
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001193125-21-321676
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cooper enters $840M 364-day unsecured term loan to replace maturing facility
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- Term loan of $840M matures Nov 1, 2022; replaces prior 364-day facility that matured Oct 15, 2021.
- Interest at LIBOR plus 60 bps (or alternate base rate); no amortization or mandatory prepayments.
- Proceeds used to repay revolving borrowings and for general corporate purposes.
- Loan unsecured; guaranteed by existing and future domestic material subsidiaries.
- Covenants include total leverage and interest coverage ratios; customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/711404/000119312521321676/0001193125-21-321676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/711404/000119312521321676/d235792d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-321676

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