secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001193125-22-223061
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000119312522223061/0001193125-22-223061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000119312522223061/d378985d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-223061

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