{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-396048","form_type":"8-K","ticker":"CLW","cik":"0001441236","company_name":"Clearwater Paper Corp","filed_at":"2026-09-21T10:52:51+00:00","discovered_at":"2026-09-21T10:55:00.998787+00:00","generated_at":"2026-09-21T10:55:15.716819+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Clearwater Paper refinances $275M 2028 notes and ABL via new $475M credit deal","bullets":["New $475M credit package: $200M revolver ($15M drawn) and $275M term loan, fully drawn; matures Sept 18, 2031.","Proceeds redeeming in full $275M of 4.750% Senior Notes due 2028 on Oct 3, 2026; $1.7M accrued interest paid.","Existing ABL Credit Agreement paid off and terminated; obligations discharged.","Interest: SOFR-based plus 2.50%-4.75% margin; initial rate 8.25% per annum; annual term-loan repayments of $5.5M start Dec 1, 2027.","Covenants: Debt Service Coverage Ratio min 2.65 (through Jun 2027) rising to 3.00; current ratio min 1.75; $100M revolver increase option after 2027 statements."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-396048","json":"https://secwatch.observer/filing/0001193125-26-396048.json","markdown":"https://secwatch.observer/filing/0001193125-26-396048.md","text":"https://secwatch.observer/filing/0001193125-26-396048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1441236/000119312526396048/0001193125-26-396048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1441236/000119312526396048/d112859d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-21T10:55:15.716819+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}