secwatch.observer — SEC 8-K summary
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Issuer:     BIO-TECHNE Corp (TECH)
CIK:        0000842023
Form:       8-K
Filed at:   2022-09-07T23:59:59+00:00
Accession:  0001558370-22-014215
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bio-Techne enters $1B revolving credit facility; draws $350M to repay prior debt
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- New $1B revolving credit facility, expandable by $400M, matures August 31, 2027.
- Borrowed $350M at closing to repay existing term and revolving loans under prior credit agreement.
- Facility bears variable interest based on total leverage ratio; includes sustainability-linked option.
- Maintains minimum interest coverage ratio of 3.00x and max total debt-to-EBITDA of 3.50x (4.00x post-qualified acquisition).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842023/000155837022014215/0001558370-22-014215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842023/000155837022014215/tmb-20220831x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014215

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