---
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"
generated_at: "2026-06-21T03:05:05.472094+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ingredion enters $200M 24-month term loan with PNC, repays existing debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-307344
- JSON: https://secwatch.observer/filing/0001193125-22-307344.json
- Plain text: https://secwatch.observer/filing/0001193125-22-307344.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $200 million
  - Counterparty: PNC Bank, National Association
  - Rate: adjusted daily Secured Overnight Financing Rate (SOFR) plus a margin of 1.10% pe
  - Maturity: December 16, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/0001193125-22-307344-index.htm
- Material Agreements
  Ingredion Inc entered into Term Loan Credit Agreement with PNC Bank, National Association valued at $200 million (effective 2022-12-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association
  - Value: $200 million
  - Effective: 2022-12-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1046257/000119312522307344/0001193125-22-307344-index.htm

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