secwatch.observer — SEC 8-K summary
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Issuer:     DUCOMMUN INC /DE/ (DCO)
CIK:        0000030305
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001193125-22-195816
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ducommun enters new $450M credit facility, repays existing debt
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- New 5-year credit agreement includes $250M term loan and $200M revolving credit facility.
- Proceeds used to repay all outstanding loans and terminate the existing credit agreement.
- Term loan amortizes quarterly; revolver and term loan mature July 14, 2027.
- Financial covenants: max consolidated total net adjusted leverage ratio 4.75:1, min interest coverage 2.50:1.
- Interest rates based on Term SOFR plus margin ranging from 1.375% to 2.375%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/30305/000119312522195816/0001193125-22-195816-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/30305/000119312522195816/d363696d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-195816

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