secwatch.observer — SEC 8-K summary
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Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001193125-24-220532
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII upsizes revolving credit facility to $1.7B, extends maturity to Sept 2029
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- Revolving credit facility increased from $1.5B to $1.7B and maturity extended to September 17, 2029.
- Pricing based on SOFR plus spread of 1.125%-2.00% depending on credit rating; commitment fee 0.125%-0.30%.
- Current rating implies SOFR + 1.375% drawn rate and 0.20% commitment fee.
- Amends and restates prior $1.5B facility; JPMorgan Chase is administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312524220532/0001193125-24-220532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312524220532/d884280d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-220532

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