secwatch.observer — SEC 8-K summary
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Issuer:     Walgreens Boots Alliance, Inc. (—)
CIK:        0001618921
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001193125-23-207773
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WBA enters $1B delayed draw term loan and $2.25B revolver; terminates prior facilities
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- Entered $1B delayed draw term loan (draws through Dec 31, 2023) and $2.25B 3-year revolving credit facility on Aug 9, 2023.
- Revolver matures Aug 9, 2026; delayed draw loan matures 3 years after initial funding.
- Covenant restricts Consolidated Debt to Total Capitalization ≤ 0.60:1.00, subject to increase in certain circumstances.
- Terminated existing 18-month revolver (June 2022) and 364-day revolver (March 2023); all obligations paid in full.
- Borrowings bear interest at Alternate Base Rate, Term SOFR, or Daily SOFR plus margin based on credit ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/d542330d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-207773

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