{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-301198","form_type":"8-K","ticker":"LNC","cik":"0000059558","company_name":"LINCOLN NATIONAL CORP","filed_at":"2023-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.732059+00:00","generated_at":"2026-06-07T09:32:12.599562+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Lincoln National enters $2.0B credit facility, extends maturity to Dec 2028","bullets":["Second Amended and Restated Credit Agreement provides $2.0B of unsecured letters of credit and loans.","Maturity date extended to December 21, 2028; commitment amount decreased from prior facility.","Financial covenants: minimum consolidated net worth of $8.626B plus 50% of equity proceeds; debt-to-capital ratio ≤ 0.35:1.","Facility fee of 0.15% p.a. and LC fee of 0.975% p.a., adjustable with credit rating changes.","Covenants restrict liens, mergers, and asset sales; customary defaults with grace periods."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-301198","json":"https://secwatch.observer/filing/0001193125-23-301198.json","markdown":"https://secwatch.observer/filing/0001193125-23-301198.md","text":"https://secwatch.observer/filing/0001193125-23-301198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/59558/000119312523301198/0001193125-23-301198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/59558/000119312523301198/d622688d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T09:32:12.599562+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"66f586315c24db816ea5f2075d5feb818c3253dd","claim":"LINCOLN NATIONAL CORP amended Second Amended and Restated Credit Agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent valued at $2.0 billion (effective 2023-12-21).","evidence_excerpt":"On December 21, 2023, Lincoln National Corporation (the “Company”) entered into an amended and restated credit agreement with a syndicate of banks, including Bank of America, N.A., as administrative agent, and the other lenders named therein (the “Second Amended and Restated Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/59558/000119312523301198/0001193125-23-301198-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of banks, including Bank of America, N.A., as administrative agent"},{"label":"Value","value":"$2.0 billion"},{"label":"Effective","value":"2023-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}