secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001193125-22-186190
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar enters $375M secured revolving credit facility, amends prior agreement
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- Five-year $375M secured revolving credit facility, with accordion to increase by $100M.
- Interest rate spread for SOFR loans ranges from 1.50% to 2.00% based on leverage ratio.
- Financial covenants: max total net leverage ratio of 4.00x, min interest coverage of 3.00x.
- Unlimited dividends/repurchases allowed if net leverage ≤2.00x; otherwise $75M basket.
- Guarantee and pledge of substantially all assets by Tredegar and domestic subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000119312522186190/0001193125-22-186190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000119312522186190/d376114d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-186190

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