secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001193125-21-360132
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOW Inc. amends credit facility: $500M revolver extended to Dec 2026, accordion to $750M
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- Extended maturity of senior secured credit facility to December 14, 2026, with a $500 million global revolving credit facility.
- Potential to increase facility to $750 million through accordion feature.
- Expanded borrowing base to include pledged cash deposits, increasing availability.
- Interest rate reduced by 0.250% when Fixed Charge Coverage Ratio ≤ 1.50x.
- CEO cites cost savings, record cash levels from working capital, and debt-free balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312521360132/0001193125-21-360132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312521360132/d233789d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-360132

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