{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-403127","form_type":"8-K","ticker":"SCL","cik":"0000094049","company_name":"STEPAN CO","filed_at":"2026-09-26T01:47:26+00:00","discovered_at":"2026-09-28T10:10:05.289019+00:00","generated_at":"2026-10-12T13:28:48.336386+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Stepan signs new $500M credit agreement: $350M revolver, $150M term loan maturing 2031","bullets":["New five-year facilities comprise a $350.0M multicurrency revolving credit facility and a $150.0M delayed draw term loan facility, each maturing September 25, 2031.","They replace Stepan's $350.0M revolver and $100.0M delayed draw term loan under the credit agreement dated June 24, 2022, adding $50.0M of capacity.","Expansion option permits up to an additional $250.0M via revolver increases or one or more incremental term loan tranches, subject to conditions.","Pricing is leverage-based: term benchmark spread 1.125%-1.625%, base rate spread 0.125%-0.625%, and commitment/ticking fees of 0.125%-0.225%.","Proceeds may fund working capital, permitted acquisitions, capital expenditures and general corporate purposes; JPMorgan Chase is administrative agent and Bank of America syndication agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-403127","json":"https://secwatch.observer/filing/0001193125-26-403127.json","markdown":"https://secwatch.observer/filing/0001193125-26-403127.md","text":"https://secwatch.observer/filing/0001193125-26-403127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/94049/000119312526403127/0001193125-26-403127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94049/000119312526403127/d117818d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:28:48.336386+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"}