secwatch.observer — SEC 8-K summary
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Issuer:     STANDEX INTERNATIONAL CORP/DE/ (SXI)
CIK:        0000310354
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001437749-24-037306
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standex expands revolving credit facility to $825M, repays $250M term loan
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- Total revolver increased from $500M to $825M via $325M incremental commitment under Second Amendment.
- Proceeds used to repay and terminate $250M term loan that funded prior Amran and Narayan acquisitions.
- Two new lenders added: PNC Bank, National Association and The Huntington National Bank.
- Material terms of credit agreement unchanged; facility matures on same date.
- Amendment effective December 6, 2024; adds $75M each from PNC and Huntington.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310354/000143774924037306/0001437749-24-037306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310354/000143774924037306/sxi20241211_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-037306

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