secwatch.observer — SEC 8-K summary
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Issuer:     STEPAN CO (SCL)
CIK:        0000094049
Form:       8-K
Filed at:   2021-12-13T23:59:59+00:00
Accession:  0001564590-21-060055
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stepan issues $100M of 2.73% senior notes due 2031 under existing note purchase agreements
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- Issued $50M Series 2021-C and $50M Series 2021-D 2.73% Senior Notes due Dec 10, 2031.
- Interest payable semi-annually; principal amortization begins Dec 10, 2025 with equal annual payments.
- Subsidiary guarantors Stepan Specialty Products and Stepan Surfactants Holdings confirmed guarantees.
- Notes issued under June 2021 Note Purchase Agreements with PGIM/Prudential and NYL Investors.
- Use of proceeds not specified; covenants similar to existing long-term debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94049/000156459021060055/0001564590-21-060055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94049/000156459021060055/scl-8k_20211210.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-060055

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