{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-076534","form_type":"8-K","ticker":"LEG","cik":"0000058492","company_name":"LEGGETT & PLATT INC","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.655658+00:00","generated_at":"2026-06-04T08:50:08.288431+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Leggett & Platt loosens leverage covenant to 4.0x through mid-2025; evaluates dividend","bullets":["Leverage ratio covenant increased from 3.5x to 4.0x for quarters March 31, 2024 through June 30, 2025; reverts to 3.5x Sept 30, 2025.","No borrowings or letters of credit outstanding under the $1.2B credit facility; accordion feature allows up to $600M increase.","Maturity unchanged at Sept 30, 2026; Canadian Dollar borrowing right suspended due to CDOR cessation.","CEO Mitch Dolloff cites weak residential demand; evaluating capital allocation including dividend program amount."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-076534","json":"https://secwatch.observer/filing/0001193125-24-076534.json","markdown":"https://secwatch.observer/filing/0001193125-24-076534.md","text":"https://secwatch.observer/filing/0001193125-24-076534.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/0001193125-24-076534-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/d794117d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:50:08.288431+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":"de39867531a5ee180d76ef1c0846f0e6a42416df","claim":"LEGGETT & PLATT INC amended Amendment Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto (effective 2024-03-22).","evidence_excerpt":"On March 22, 2024, Leggett & Platt, Incorporated (the “ Company ,” “ us ,” or “ we ”) entered into an Amendment Agreement relating to the Fourth Amended and Restated Credit Agreement dated as of September 30, 2021, as amended December 16, 2022 (the “ Credit Agreement ”), among us, JPMorgan Chase Bank, N.A., as administrative agent (“ JPMorgan ”), and the Lenders party thereto (the “ Amendment Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/0001193125-24-076534-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, and the Lenders party thereto"},{"label":"Effective","value":"2024-03-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}