secwatch.observer — SEC 8-K summary
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Issuer:     MOHAWK INDUSTRIES INC (MHK)
CIK:        0000851968
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001193125-22-220058
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mohawk extends revolver to 2027, ups size to $1.95B; adds $800M term loan
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- Senior revolver maturity extended from Oct 2024 to Aug 2027; facility increased to $1.95B until Oct 2024, then $1.485B.
- New $800M delayed-draw term loan facility ($575M USD + €220M); matures Aug 2024; proceeds for working capital.
- Interest on USD term loans at SOFR + 0.825%-1.50% or prime-based; euro loans at EURIBOR + 0.825%-1.50%.
- Interest coverage covenant raised to 3.50:1.00; net leverage covenant eliminated; certain restrictions removed.
- Company may increase revolver commitments by up to $600M; term loan may be prepaid without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851968/000119312522220058/0001193125-22-220058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851968/000119312522220058/d388962d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-220058

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