{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-307344","form_type":"8-K","ticker":"INGR","cik":"0001046257","company_name":"Ingredion Inc","filed_at":"2022-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.397574+00:00","generated_at":"2026-06-21T03:05:05.472094+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Ingredion enters $200M 24-month term loan with PNC, repays existing debt","bullets":["Borrowed $200M under senior unsecured term loan on Dec 16, 2022; matures Dec 16, 2024.","Interest rate is Adjusted Daily SOFR plus 1.10% per annum, payable quarterly.","Proceeds used to repay existing indebtedness; no premium or penalty for prepayment.","Financial covenants: max leverage ratio 3.5:1, min interest coverage ratio 3.5:1.","Standard covenants restrict subsidiary debt, liens, mergers, asset sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-307344","json":"https://secwatch.observer/filing/0001193125-22-307344.json","markdown":"https://secwatch.observer/filing/0001193125-22-307344.md","text":"https://secwatch.observer/filing/0001193125-22-307344.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/0001193125-22-307344-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/d397005d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T03:05:05.472094+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":"b382a060107f4e51f5400a140c4d7f71a32cbade","claim":"Ingredion Inc incurred term loan of $200 million with PNC Bank, National Association at adjusted daily Secured Overnight Financing Rate (SOFR) plus a margin of 1.10% pe maturing December 16, 2024.","evidence_excerpt":"On December 16, 2022, Ingredion Incorporated (the “Company”) entered into a Credit Agreement, dated as of December 16, 2022 (the “Term Loan Credit Agreement”), between the Company, as borrower, and PNC Bank, National Association, as lender. The Term Loan Credit Agreement establishes a 24-month senior unsecured term loan in the principal amount of $200 million (the “Term Loan”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/0001193125-22-307344-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"adjusted daily Secured Overnight Financing Rate (SOFR) plus a margin of 1.10% pe"},{"label":"Maturity","value":"December 16, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"661d12b3af122f22c587d66d9889ef703ba169b3","claim":"Ingredion Inc entered into Term Loan Credit Agreement with PNC Bank, National Association valued at $200 million (effective 2022-12-16).","evidence_excerpt":"On December 16, 2022, Ingredion Incorporated (the “Company”) entered into a Credit Agreement, dated as of December 16, 2022 (the “Term Loan Credit Agreement”), between the Company, as borrower, and PNC Bank, National Association, as lender. The Term Loan Credit Agreement establishes a 24-month senior unsecured term loan in the principal amount of $200 million (the “Term Loan”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/0001193125-22-307344-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Value","value":"$200 million"},{"label":"Effective","value":"2022-12-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}