secwatch.observer — SEC 8-K summary
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Issuer:     MOSAIC CO (MOS)
CIK:        0001285785
Form:       8-K
Filed at:   2021-08-23T23:59:59+00:00
Accession:  0001243786-21-000109
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mosaic enters $2.5B unsecured revolver, replacing $2.2B prior facility
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- New $2.5B revolving credit facility matures August 19, 2026; no borrowings outstanding as of the Effective Date.
- Facility includes swing line up to $75M and letters of credit up to $150M; net available $2.49B.
- Unused commitment fee reduced to 0.15% annually; cross-default threshold set at $100M.
- Financial covenant requires leverage ratio ≤0.65x (step-up to 0.70x for four quarters post certain acquisitions) and interest coverage ≥3.0x.
- Replaces prior facility; provides added flexibility and higher capacity for working capital, capex, dividends, and acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1285785/000124378621000109/0001243786-21-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1285785/000124378621000109/mos-20210819.htm
  HTML page:      https://secwatch.observer/filing/0001243786-21-000109

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