{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-299501","form_type":"8-K","ticker":"TKR","cik":"0000098362","company_name":"TIMKEN CO","filed_at":"2022-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.143775+00:00","generated_at":"2026-06-21T09:22:24.199544+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Timken enters into $1.15B credit facilities, refinances $312.8M term loan","bullets":["$400M unsecured term loan and $750M unsecured revolving credit facility, both maturing Dec 5, 2027.","Proceeds used to repay $312.8M outstanding principal under prior term loan due 2023 and for general corporate purposes.","Interest rates tied to debt rating grid; initial pricing at BBB/Baa2 level (Level 3).","Credit agreement is unsecured and amends/restates prior 2019 revolving credit agreement.","Covenants include maintaining consolidated leverage and interest coverage ratios per agreed limits."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-299501","json":"https://secwatch.observer/filing/0001193125-22-299501.json","markdown":"https://secwatch.observer/filing/0001193125-22-299501.md","text":"https://secwatch.observer/filing/0001193125-22-299501.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/d377745d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T09:22:24.199544+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"772cc0a3c0c99e04e0c978de6c70e8f6e2486fd6","claim":"TIMKEN CO incurred term loan of $400 million with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents maturing December 5, 2027.","evidence_excerpt":"The Credit Agreement provides for a $400 million unsecured term loan facility and a $750 million unsecured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents"},{"label":"Maturity","value":"December 5, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"dfeb1c0c09ffef6876f2726ff8400bd42b2a4bb9","claim":"TIMKEN CO incurred revolving credit of $750 million with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents maturing December 5, 2027.","evidence_excerpt":"The Credit Agreement provides for a $400 million unsecured term loan facility and a $750 million unsecured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$750 million"},{"label":"Counterparty","value":"Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents"},{"label":"Maturity","value":"December 5, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a507aefb3ef0de2f15cd29dc79a79d78f91fc26b","claim":"TIMKEN CO amended Fifth Amended and Restated Credit Agreement with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto valued at $750 million (effective 2022-12-05).","evidence_excerpt":"On December 5, 2022, The Timken Company (the “ Company ”) entered into a Fifth Amended and Restated Credit Agreement (the “ Credit Agreement ”) with Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto (collectively, the “ Lenders ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98362/000119312522299501/0001193125-22-299501-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. and KeyBank National Association, as Co-Administrative Agents, KeyBank National Association, as Paying Agent, L/C Issuer and Swing Line Lender, and the other lenders from time to time party thereto"},{"label":"Value","value":"$750 million"},{"label":"Effective","value":"2022-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}