secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-126984
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII amends revolving and term loan credit agreements to replace LIBOR with SOFR-based rate
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- Effective April 24, 2023, amended credit agreements replace LIBOR with Term SOFR (for revolving) and Daily Simple SOFR (for term loan).
- Interest rate margins remain at 1.375% (based on credit rating), with an additional 0.10% SOFR adjustment.
- Amendments apply to both the $1.5B revolving credit facility and the separate term loan facility.
- No changes to total commitments, maturity dates, or financial covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/0001193125-23-126984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/d208874d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-126984

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