{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-304471","form_type":"8-K","ticker":"TG","cik":"0000850429","company_name":"TREDEGAR CORP","filed_at":"2023-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.154280+00:00","generated_at":"2026-06-07T06:40:02.604943+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tredegar amends credit facility to $180M, then $125M after flexible packaging sale","bullets":["Initial $180M commitment, declining to $125M upon sale of flexible packaging films business (ABL Adjustment Date).","Borrowing availability at closing ~$29.7M; ~$19.7M after minimum liquidity covenant.","Interest: SOFR+3.5% before ABL Adjustment; thereafter spreads reset.","Covenants: minimum EBITDA schedule (e.g., $22M Nov 2023) and $10M minimum liquidity; post-sale triggers 1.0x fixed charge coverage.","Company and guarantors pledged substantially all assets as collateral under new Security Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-304471","json":"https://secwatch.observer/filing/0001193125-23-304471.json","markdown":"https://secwatch.observer/filing/0001193125-23-304471.md","text":"https://secwatch.observer/filing/0001193125-23-304471.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/850429/000119312523304471/0001193125-23-304471-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/850429/000119312523304471/d468304d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:40:02.604943+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":"b8baeebc2cf88fca6e4c3708f192de6cf5dca940","claim":"TREDEGAR CORP amended credit facility of $180 million with JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Bank, National Association, Bank of America, N.A., U.S. Bank National Association, Wells Fargo Bank, National Association at ABR plus 2.50% before the ABL Adjustment Date ... Adjusted Term SOFR Rate plus 3 maturing June 30, 2026.","evidence_excerpt":"Agreement that was scheduled to mature on June 29, 2027. The material terms of the Amended Credit Agreement include the following: • Initial aggregate commitments of up to $180 million, which will be reduced to $125 million upon the earlier of March 31, 2025 and the date the Company receives the proceeds from the sale of its flexible packaging films business to","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/850429/000119312523304471/0001193125-23-304471-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$180 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., Citizens Bank, N.A., PNC Bank, National Association, Bank of America, N.A., U.S. Bank National Association, Wells Fargo Bank, National Association"},{"label":"Rate","value":"ABR plus 2.50% before the ABL Adjustment Date ... Adjusted Term SOFR Rate plus 3"},{"label":"Maturity","value":"June 30, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"25a1e213a16dae4a1d0cb7b84b9e9543f7ff5fa7","claim":"TREDEGAR CORP amended Third Amendment with JPMorgan Chase Bank, N.A., as administrative agent, Citizens Bank, N.A., PNC Bank, National Association, Bank of America, N.A., U.S. Bank National Association, Wells Fargo Bank, National Association, and the other lenders party thereto (effective 2023-12-27).","evidence_excerpt":"On December 27, 2023, Tredegar Corporation (the “ Company ”), as borrower, and certain of the Company’s material domestic subsidiaries, as guarantors (the “ Guarantors ”), entered into Amendment No. 3 (the “ Third Amendment ”) to the Second Amended and Restated Credit Agreement dated June 29, 2022","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/850429/000119312523304471/0001193125-23-304471-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, Citizens Bank, N.A., PNC Bank, National Association, Bank of America, N.A., U.S. Bank National Association, Wells Fargo Bank, National Association, and the other lenders party thereto"},{"label":"Effective","value":"2023-12-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}