{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-280505","form_type":"8-K","ticker":"WKC","cik":"0000789460","company_name":"WORLD KINECT CORP","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.168686+00:00","generated_at":"2026-05-16T20:43:48.513989+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"World Kinect extends $2B credit facility to 2030, ups revolver to $1.65B","bullets":["Revolving commitments increased from $1.50B to $1.65B; new $350M term loan replaces $500M original term loan; total capacity unchanged at $2.0B.","Maturity extended from April 2027 to November 2030, with a one-year extension option subject to lender consent.","Pricing improved: Term SOFR margin 1.50%-2.125%; commitment fee range lowered to 0.225%-0.300%.","Proceeds from new term loan plus ~$93M cash used to repay original term loan and fees.","Financial and other covenants modified to provide greater operating flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-280505","json":"https://secwatch.observer/filing/0001193125-25-280505.json","markdown":"https://secwatch.observer/filing/0001193125-25-280505.md","text":"https://secwatch.observer/filing/0001193125-25-280505.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/789460/000119312525280505/0001193125-25-280505-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/789460/000119312525280505/d809353d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:43:48.513989+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f644e77e340c787f6e17ae4960996614eed465bf","claim":"WORLD KINECT CORP amended credit facility of $1.65 billion with Bank of America, N.A. at Term SOFR Loans and Alternative Currency Loans, and between 0.5% and 1.125% for maturing November 10, 2030.","evidence_excerpt":"increase the aggregate revolving credit facility commitments from $1.50 billion to $1.65 billion; (ii) replace the existing term loan in the original principal amount of $500 million (the “Original Term Loan”) with a new term loan in the original principal amount of $350 million (the “New Term Loan”), thereby maintaining the total borrowing capacity under the credit facility at $2.0 billion; (iii) modify the pricing of the loans and related fees","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/789460/000119312525280505/0001193125-25-280505-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.65 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR Loans and Alternative Currency Loans, and between 0.5% and 1.125% for"},{"label":"Maturity","value":"November 10, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}