secwatch.observer — SEC 8-K summary
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Issuer:     CAL-MAINE FOODS INC (CALM)
CIK:        0000016160
Form:       8-K
Filed at:   2026-09-02T20:40:00+00:00
Accession:  0001562762-26-000102
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cal-Maine Foods enters $250M revolving credit facility with BMO, no borrowings yet
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- Second Amended and Restated Credit Agreement dated Aug 31, 2026 with BMO Bank N.A. as administrative agent.
- Provides $250M senior unsecured revolver, with $25M sublimits for letters of credit and swingline loans.
- Accordion feature allows up to $250M incremental increases with agent consent; matures Aug 31, 2031.
- As of Sep 1, 2026: $0 outstanding borrowings, $5.9M standby letters of credit issued.
- Covenants: max funded debt/cap ratio 50%, min tangible net worth $1.5B plus 50% of positive net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16160/000156276226000102/0001562762-26-000102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16160/000156276226000102/calm-20260831_8K.htm
  HTML page:      https://secwatch.observer/filing/0001562762-26-000102

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