secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001437749-23-003913
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H.B. Fuller enters $2B credit facilities; refinances existing term loan
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- New $500M TLA facility (matures Feb 2028) and $800M TLB facility (matures Feb 2030).
- Revolving facility increased to $700M, maturing Feb 2028.
- Proceeds used to repay existing term loan under 2017 credit agreement.
- Interest spreads: 75 bps base rate / 175 bps SOFR initially; adjusted by secured leverage ratio.
- Financial covenants: minimum interest coverage 2.00x; max secured leverage 4.75x (4.50x after June 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774923003913/0001437749-23-003913-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774923003913/ful20230215_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-003913

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