secwatch.observer — SEC 8-K summary
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Issuer:     LENNOX INTERNATIONAL INC (LII)
CIK:        0001069202
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001193125-23-104192
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lennox amends credit and receivables agreements to replace LIBOR with Term SOFR
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- First Amendment to $750M Credit Agreement replaces LIBOR with Term SOFR as benchmark for USD-denominated loans.
- Amendment No. 12 to Receivables Purchase Agreement similarly replaces LIBOR with Term SOFR for Bank Rate calculations.
- Maturity date remains July 14, 2026; no changes to covenants, events of default, or commitment amounts.
- Unused commitment fees and applicable margins remain tied to credit ratings (0.00%-0.75% for ABR; 1.00%-1.75% for Term SOFR).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069202/000119312523104192/0001193125-23-104192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069202/000119312523104192/d463629d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-104192

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