secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001193125-23-253873
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Campbell Soup enters $2B delayed draw term loan for Sovos Brands acquisition
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- Unsecured delayed draw term loan facility of up to $2B, maturing October 8, 2024.
- Interest rates vary by loan type; includes minimum interest coverage ratio of 3.25:1.00.
- Ticking fee of 0.10% on unused commitments; funding fee of 0.20% on outstanding loans after 90 days.
- Proceeds restricted to funding the previously announced Sovos Brands acquisition and related fees.
- Bank of America serves as administrative agent; lenders include some existing relationship banks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000119312523253873/0001193125-23-253873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000119312523253873/d410910d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-253873

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