{"schema_version":"secwatch.filing_event.v1","accession":"0001555280-22-000287","form_type":"8-K","ticker":"ZTS","cik":"0001555280","company_name":"Zoetis Inc.","filed_at":"2022-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.130185+00:00","generated_at":"2026-06-21T00:47:47.392503+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Zoetis enters into $1.0B revolving credit facility, replaces prior agreement","bullets":["New five-year $1.0B senior unsecured revolving credit facility with a syndicate of banks; JPMorgan as administrative agent.","Facility replaces prior $1.0B credit agreement that was set to expire in Dec 2023.","Company has right to increase commitments to up to $1.5B subject to conditions.","Interest rates based on SOFR or base rate plus margin; facility fee based on credit ratings.","Financial covenant requires maximum total leverage ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0001555280-22-000287","json":"https://secwatch.observer/filing/0001555280-22-000287.json","markdown":"https://secwatch.observer/filing/0001555280-22-000287.md","text":"https://secwatch.observer/filing/0001555280-22-000287.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1555280/000155528022000287/0001555280-22-000287-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1555280/000155528022000287/zts-20221221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T00:47:47.392503+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":"83b421f15ef39b9938c0b5285996318874d09903","claim":"Zoetis Inc. incurred revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. (as administrative agent) at adjusted term SOFR rate plus an applicable margin maturing five years from the closing date.","evidence_excerpt":"On December 21, 2022, Zoetis Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents, providing for a five-year $1.0 billion senior unsecured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555280/000155528022000287/0001555280-22-000287-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A. (as administrative agent)"},{"label":"Rate","value":"adjusted term SOFR rate plus an applicable margin"},{"label":"Maturity","value":"five years from the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"267be3d351b5f4bac443070f136cb4fd144b1e57","claim":"Zoetis Inc. terminated the Prior Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2022-12-21).","evidence_excerpt":"On December 21, 2022, the Company terminated that certain Credit Agreement dated as of December 21, 2016, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, (the “Prior Credit Agreement”) and all commitments to extend further credit thereunder were therefore terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555280/000155528022000287/0001555280-22-000287-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Effective","value":"2022-12-21"}],"fact_type":"material_agreement"},{"claim_id":"bcd50e6dfabf3ff659dd890c8f50cb3466b9db10","claim":"Zoetis Inc. entered into Credit Agreement with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents valued at $1.0 billion (effective 2022-12-21).","evidence_excerpt":"On December 21, 2022, Zoetis Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents, providing for a five-year $1.0 billion senior unsecured revolving credit facility.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1555280/000155528022000287/0001555280-22-000287-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents"},{"label":"Value","value":"$1.0 billion"},{"label":"Effective","value":"2022-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}