secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE MATERIALS INC (EXP)
CIK:        0000918646
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001193125-25-020106
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Materials amends credit agreement: new $300M term loan, $750M revolver, maturity extended to 2030
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- New $300M unsecured term loan A facility and $750M revolving facility replace existing $200M term loan and $750M revolver.
- Both facilities mature on February 4, 2030; revolving facility includes $40M letter of credit and $25M swingline sub-facilities.
- New term loan amortizes quarterly at 1.25% of original principal starting March 31, 2025; full balance due at maturity.
- Proceeds used to refinance existing term loan, repay a portion of revolving loans, and pay fees; prepayment allowed without premium or penalty.
- Credit agreement includes incremental facility of up to $375M and interest rate based on SOFR or base rate plus applicable spread tied to credit ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918646/000119312525020106/0001193125-25-020106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918646/000119312525020106/d859399d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020106

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