---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-060501"
form_type: "8-K"
ticker: "MEI"
cik: "0000065270"
company_name: "METHODE ELECTRONICS INC"
filed_at: "2021-12-16T23:59:59+00:00"
generated_at: "2026-06-28T00:41:03.304160+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Methode Electronics amends credit agreement to replace LIBOR with SOFR and other benchmarks

## Summary
- First Amendment to credit agreement transitions interest rate benchmarks from LIBOR to SOFR for USD loans and other local benchmarks for multi-currency loans.
- Total revolving commitments remain $200M; no change in maturity or financial covenants.
- Amendment effective Dec 10, 2021, upon execution and satisfaction of conditions including KYC documentation.
- Covers ten different currency-specific benchmarks including EURIBOR, SONIA, SARON, and others.

## SEC filing metadata
- accession: 0001564590-21-060501
- form_type: 8-K
- ticker: MEI
- cik: 0000065270
- company_name: METHODE ELECTRONICS INC
- filed_at: 2021-12-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65270/000156459021060501/0001564590-21-060501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65270/000156459021060501/mei-8k_20211210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-060501
- JSON: https://secwatch.observer/filing/0001564590-21-060501.json
- Plain text: https://secwatch.observer/filing/0001564590-21-060501.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.