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

Issuer:     MOODYS CORP /DE/ (MCO)
CIK:        0001059556
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001193125-21-362355
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moody's enters $1.25B revolving credit facility, replacing $1B line
-------------------------------------------------------------------

- New $1.25B senior unsecured revolving credit facility matures December 2026.
- Interest based on Term SOFR plus 80.5–122.5 bps spread, with ESG-based pricing adjustments.
- Quarterly facility fees range from 7 to 15 bps of the commitment, depending on credit ratings.
- Financial covenant requires Total Debt/EBITDA ratio ≤ 4.0x (4.5x post-acquisition for up to 3 quarters).
- Facility replaces existing $1B credit agreement that was due November 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059556/000119312521362355/0001193125-21-362355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059556/000119312521362355/d206340d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-362355

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