secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001193125-25-165467
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt amends credit facility: revolver reduced to $1B, maturity extended to 2030
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- Revolving commitments decreased from $1.2B to $1.0B; maturity extended from Sept 2026 to July 2030.
- Leverage ratio covenant tightened to 3.50x from previous schedule (was to drop to 3.50x in Sept 2025).
- Pricing grid modified: new tier for BBB-/Baa3 added; spreads and commitment fees adjusted.
- Commercial paper program capacity reduced from $1.2B to $1.0B; $313M CP outstanding as of July 24.
- Accordion feature reduced from $600M to $500M; Canadian dollar borrowing reinstated (CORRA), Mexican peso suspended.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312525165467/0001193125-25-165467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312525165467/d926649d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-165467

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