secwatch.observer — SEC 8-K summary
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Issuer:     EBAY INC (EBAY)
CIK:        0001065088
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001552781-24-000019
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

eBay enters $2.0B new five-year revolver, replaces prior facility
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- Unsecured $2.0B revolving credit facility, five-year term, replaces prior $2.0B facility.
- No borrowings outstanding at closing; $2.0B available for working capital, capex, acquisitions.
- Accordion feature allows increasing commitments by up to $1.0B.
- Interest margins based on debt ratings: 0.875%-1.375% for Term Benchmark/RFR, 0% ABR, 0.07%-0.175% commitment fee.
- Leverage covenant max 4.0:1.0 (step-up to 4.5:1.0 for qualified material acquisitions).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/0001552781-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065088/000155278124000019/e24022_ebay-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer