secwatch.observer — SEC 8-K summary
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Issuer:     FLOWERS FOODS INC (FLO)
CIK:        0001128928
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001193125-26-145638
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flowers Foods enters $400M term loan facility to refinance 2026 Notes due Oct 2026
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- $400M senior unsecured delayed draw term loan facility with a 3-year maturity (from funding date).
- Proceeds, together with cash on hand, to repay $400M 3.500% senior notes due October 2026.
- Interest at SOFR plus 0.875%-2.000% or base rate plus 0.00%-1.000%, based on leverage/debt rating.
- Revolver Amendment extends existing Covenant Holiday (leverage ratio up to 4.00x) through fiscal Q3 2027.
- Term loan and amended revolver both include maximum leverage covenant of 3.75x (4.00x after acquisition).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128928/000119312526145638/0001193125-26-145638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128928/000119312526145638/d144410d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-145638

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