{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-22-078207","form_type":"8-K","ticker":"RBC","cik":"0001324948","company_name":"RBC Bearings INC","filed_at":"2022-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.135241+00:00","generated_at":"2026-06-21T08:02:27.598522+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"RBC Bearings amends credit agreements to replace LIBOR with SOFR benchmark","bullets":["First Amendment to Credit Agreement dated Dec 5, 2022 transitions $500M revolver and $1.3B term loan from LIBOR to SOFR.","New rate: Term SOFR + 0.10% credit spread adjustment + margin of 0.75%-2.00% based on leverage ratio.","SOFR floor set at 0.00% for U.S. dollar borrowings under the Facilities.","All lenders (100%) consented; amendment effective as of Dec 5, 2022.","Existing LIBOR loans remain until current interest period ends, then convert to Term SOFR loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-22-078207","json":"https://secwatch.observer/filing/0001213900-22-078207.json","markdown":"https://secwatch.observer/filing/0001213900-22-078207.md","text":"https://secwatch.observer/filing/0001213900-22-078207.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1324948/000121390022078207/0001213900-22-078207-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1324948/000121390022078207/ea169689-8k_rbcbearings.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T08:02:27.598522+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":"9dc22705dcc8d32fcb051e3f7bb82c4f720f13a8","claim":"RBC Bearings INC amended First Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent (effective 2022-12-05).","evidence_excerpt":"On December 5, 2022, RBC Bearings Incorporated (the \"Company\") and its subsidiary, Roller Bearing Company of America, Inc. (\"RBCA\"), entered into the First Amendment to Credit Agreement with Wells Fargo Bank, National Association, as administrative agent (the \"Agent\"), and the lenders party thereto (the \"Amendment\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1324948/000121390022078207/0001213900-22-078207-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as administrative agent"},{"label":"Effective","value":"2022-12-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}