---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-223061"
form_type: "8-K"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:14:34.628255+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Utilities amends credit facility: SOFR replaces LIBOR, removes $150M investment cap

## Summary
- Interest rates switch from LIBOR to SOFR plus 10bps credit spread adjustment.
- Eliminated $150M cap on investments where company holds less than 50% ownership.
- 364-day facility gets reduced interest margin for sustainable investments; $50M green loan sublimit added.
- Bank of America assigned its 364-day commitment to M&T Bank.

## SEC filing metadata
- accession: 0001193125-22-223061
- form_type: 8-K
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000119312522223061/0001193125-22-223061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000119312522223061/d378985d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-223061
- JSON: https://secwatch.observer/filing/0001193125-22-223061.json
- Plain text: https://secwatch.observer/filing/0001193125-22-223061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.