secwatch.observer — SEC 8-K summary
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Issuer:     NEW YORK TIMES CO (NYT)
CIK:        0000071691
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001193125-22-205006
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYT enters into $350M revolving credit facility, replacing $250M facility
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- Five-year unsecured revolver matures July 27, 2027; no initial borrowing.
- Financial covenants: min. interest coverage ratio 3.00x, max. leverage ratio 3.50x.
- Facility increased from $250M under prior 2019 credit agreement.
- Proceeds for general corporate purposes; dividend and stock repurchase permitted subject to covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71691/000119312522205006/0001193125-22-205006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71691/000119312522205006/d307690d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-205006

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