secwatch.observer — SEC 8-K summary
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Issuer:     MOODYS CORP /DE/ (MCO)
CIK:        0001059556
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001193125-24-131945
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moody's enters $1.25B revolver maturing May 2029, replacing 2026 facility
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- New $1.25B senior unsecured revolving credit facility matures in May 2029.
- Interest rates based on Term SOFR plus margin of 0.805% to 1.225% depending on debt ratings.
- Facility fee ranges from 7 to 15 bps per annum based on debt ratings.
- Financial covenant: Total Debt/EBITDA not to exceed 4.0x (4.5x post-acquisition for 3 quarters).
- Proceeds may be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059556/000119312524131945/0001193125-24-131945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059556/000119312524131945/d824452d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-131945

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