secwatch.observer — SEC 8-K summary
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Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001193125-26-131714
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Corp refinances credit facility: $750M revolver maturing 2031, removes term loan, $200M drawn
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- New $750M revolving credit facility replaces 2027 agreement; maturity extended to March 26, 2031.
- Term loan credit facility eliminated; $70M term loan balance refinanced under revolver.
- Initial $200M drawn: used to refinance existing debt, fund vessel equipment, and support share repurchases; $20M repaid by filing date.
- Covenants: interest coverage ratio ≥2.5x; debt to capitalization ≤60%. Pricing based on credit rating (87.5–150 bp over SOFR).
- Ability to increase facility by $500M subject to lender consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/0001193125-26-131714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000119312526131714/kex-20260326.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-131714

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