secwatch.observer — SEC 8-K summary
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Issuer:     LOWES COMPANIES INC (LOW)
CIK:        0000060667
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001193125-23-013158
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lowe's amends credit agreements to replace LIBOR with SOFR and modifies asset disposition covenant
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- Entered Amendment No. 1 to 2021 Credit Agreement and Amendment No. 2 to 2020 Credit Agreement on Jan 17, 2023.
- Replaced LIBOR-based Eurocurrency rate with Term SOFR as reference interest rate option.
- Amended negative covenant on asset dispositions to only prohibit dispositions of all or substantially all assets.
- Waived certain defaults related to subsidiary non-compliance with Section 7.04 of existing credit agreement.
- No changes to commitment amounts or maturity dates of the revolving credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/0001193125-23-013158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/60667/000119312523013158/d455290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-013158

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