secwatch.observer — SEC 8-K summary
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Issuer:     STIFEL FINANCIAL CORP (SF)
CIK:        0000720672
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001193125-23-245647
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stifel enters $750M unsecured revolving credit facility, replacing $500M facility
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- New $750M revolving credit facility matures Sept 27, 2028, replacing existing $500M facility.
- Interest rates are variable based on SOFR; margins tied to SFC's debt ratings.
- Borrowers: Stifel Financial Corp. and Stifel Nicolaus & Company, with subsidiary guarantors.
- Proceeds for working capital, short-term operating needs, and general corporate purposes.
- Covenants: minimum tangible net worth, maximum capitalization ratio, regulatory excess net capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720672/000119312523245647/0001193125-23-245647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720672/000119312523245647/d555530d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-245647

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