secwatch.observer — SEC 8-K summary
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Issuer:     J M SMUCKER Co (SJM)
CIK:        0000091419
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001193125-25-049909
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smucker enters $650M term loan and $2.0B revolver to refinance maturing debt
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- Term loan of $650M unsecured, matures March 7, 2027, to partially repay $1.0B 3.50% Senior Notes due March 15, 2025.
- $2.0B unsecured revolving credit facility matures March 7, 2030; used to refinance existing debt and for general corporate purposes.
- Interest on term loan at base rate or Term SOFR plus applicable margin; interest coverage covenant of 3.50:1 required quarterly.
- Remainder of senior note repayment funded from cash on hand and commercial paper borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91419/000119312525049909/0001193125-25-049909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91419/000119312525049909/d936517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-049909

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