secwatch.observer — SEC 8-K summary
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Issuer:     MARZETTI CO (MZTI)
CIK:        0000057515
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001193125-24-063742
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lancaster Colony enters new $150M unsecured revolving credit facility, maturing 2029
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- New $150M credit agreement dated March 6, 2024, replaces prior $150M facility from March 2020.
- Five-year term: all amounts due March 6, 2029; interest variable based on SOFR or Alternate Base Rate.
- Financial covenants unchanged: interest coverage >=2.5x, leverage <=3.5x; no outstanding borrowings at signing.
- Facility may be expanded to $225M with lender consent; used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/57515/000119312524063742/0001193125-24-063742-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/57515/000119312524063742/d801763d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-063742

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