secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001193125-25-116460
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar amends ABL facility: $125M, maturity extended to 2030, rates reduced
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- New $125M asset-based facility; maturity extended from 202X to May 6, 2030.
- Interest rate margins reduced: Term Benchmark/RFR Loans 1.75%-2.25%, ABR Loans 0.75%-1.25%.
- Commitment fee lowered to 0.25% (usage ≥50%) or 0.375% (usage <50%).
- Borrowing base amended: real property excluded; PP&E component limited to 60% of NOLV or 30% of base; cash capped at 15%.
- Fixed charge coverage ratio (1.00x) triggered when availability <10% of Line Cap or $10M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000119312525116460/0001193125-25-116460-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000119312525116460/d932956d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-116460

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