secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEACON ROOFING SUPPLY INC (—)
CIK:        0001124941
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080703
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beacon Roofing upsizes term loan to $1.275B, cuts rate to SOFR+2.00%
--------------------------------------------------------------------

- Amends existing $1.0B term loan facility, increasing principal to $1.275B.
- Interest rate reduced to Term SOFR + 2.00% (0.00% floor), from prior margin.
- Proceeds repay outstanding 2028 term loans; $342.5M new commitment from Citibank.
- $975M classified as Specified Refinancing Debt; $300M as incremental new loan.
- Effective March 28, 2024; all conditions satisfied on that date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/0001193125-24-080703-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/d816650d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080703

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