secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARKET CORP (NEU)
CIK:        0001282637
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-014859
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NewMarket enters $900M revolver and $250M term loan, repays $715M former facility
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- New $900M revolving credit facility matures Jan 2029; $250M term loan matures Jan 2026.
- Company borrowed $250M from term loan and $465M from revolver to repay $715M outstanding under former credit facility.
- Former facility was used for Jan 16, 2024 acquisition of AMPAC Intermediate Holdings (American Pacific Corp).
- Financial covenant: consolidated leverage ratio not to exceed 3.75x; facility includes $450M expansion feature.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282637/000119312524014859/0001193125-24-014859-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282637/000119312524014859/d725603d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-014859

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer