secwatch.observer — SEC 8-K summary
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Issuer:     KENNAMETAL INC (KMT)
CIK:        0000055242
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001193125-22-174782
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kennametal enters $700M five-year unsecured credit agreement, matures June 2027
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- Unsecured revolving facility replaces prior credit agreement dated 2018; maturity extended to June 14, 2027.
- Includes sublimits: $50M letters of credit, $100M swingline, $300M multicurrency, $250M foreign borrower.
- Financial covenant requires maximum Consolidated Leverage Ratio of 3.75:1, with temporary adjustments for qualified acquisitions.
- Facility size may be increased by up to $300M with existing lender consent or adding new lenders.
- Use of proceeds for general corporate purposes including working capital, capex, and acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55242/000119312522174782/0001193125-22-174782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55242/000119312522174782/d339302d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-174782

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