secwatch.observer — SEC 8-K summary
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Issuer:     DNOW Inc. (DNOW)
CIK:        0001599617
Form:       8-K/A
Filed at:   2022-02-04T23:59:59+00:00
Accession:  0001193125-22-028356
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NOW Inc. amends credit facility; lowers cash dominion trigger, updates collateral terms
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- First Amendment dated Dec 14, 2021 reduces Cash Dominion Event trigger to greater of 10% of Line Cap or $40M.
- Post-close covenants require delivery of insurance endorsements, title insurance, and Canadian IP security agreements.
- Departing Lenders' commitments repaid and cancelled; Commitments reallocated among remaining Lenders.
- Loan parties reaffirm guarantees and security interests; release Agent and Lenders from pre-existing claims.
- Schedules for commitment amounts, borrowing base, and eligible accounts amended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1599617/000119312522028356/0001193125-22-028356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1599617/000119312522028356/d102637d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-028356

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