secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001585364-26-000028
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo amends credit facility: $1.0B revolver (2031) & $972M term loan B (2029)
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- Entered Amended and Restated Credit Agreement on March 20, 2026, with JPMorgan and others.
- Revolving credit facility increased to $1.0B, maturing March 20, 2031; term loan B unchanged at $972.4M maturing April 20, 2029.
- Proceeds from revolver drawdown used to prepay Term A Loans in full, plus accrued interest and fees.
- Credit spread adjustment on revolving loans eliminated; maturity of revolver tied to 91 days before term loan or 4.900% notes if outstanding.
- Covenants include max secured net leverage ratio and minimum cash interest coverage; secured by assets and equity interests of loan parties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536426000028/0001585364-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536426000028/prgo-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001585364-26-000028

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