{"schema_version":"secwatch.filing_event.v1","accession":"0001590714-22-000085","form_type":"8-K","ticker":"ESI","cik":"0001590714","company_name":"Element Solutions Inc","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.314951+00:00","generated_at":"2026-06-21T18:29:33.096438+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Element Solutions increases revolver to $375M, extends maturity to 2027, replaces LIBOR with SOFR","bullets":["New $375M revolving credit facility replaces prior $330M facility; matures Nov 15, 2027.","Letter of credit sublimit raised to $115M from $100M; no immediate drawdown.","Interest spreads: initial Term SOFR spread 1.75%, base rate 0.75%; step-down based on leverage.","Barclays replaced by Citibank as administrative and collateral agent under credit agreement.","Term loans now bear interest at 1-month SOFR + 2.00% per Amendment No. 5; cross-currency swaps amended."],"urls":{"canonical":"https://secwatch.observer/filing/0001590714-22-000085","json":"https://secwatch.observer/filing/0001590714-22-000085.json","markdown":"https://secwatch.observer/filing/0001590714-22-000085.md","text":"https://secwatch.observer/filing/0001590714-22-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/esi-20221115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:29:33.096438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f7310a6321c67269ef5ded6581ca6c73416f745e","claim":"Element Solutions Inc incurred revolving credit of $375 million with Citibank, N.A. at 1.75% per annum for Term SOFR loans, EURIBO rate loans or RFR loans and 0.75% pe maturing November 15, 2027.","evidence_excerpt":"Amendment No. 6 provided for (i) a revolving credit facility in an aggregate principal amount of $375 million (the \"New Revolving Credit Facility\"), which replaced the $330 million revolving credit facility in effect immediately prior to the Effective Date (the \"Initial Revolving Credit Facility\"), and (ii) amended interest rates applicable to borrowings under the New Revolving Credit Facility (as described below).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$375 million"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Rate","value":"1.75% per annum for Term SOFR loans, EURIBO rate loans or RFR loans and 0.75% pe"},{"label":"Maturity","value":"November 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4e4dbcc532f9019465e7bdd9dfbae37e0b69d657","claim":"Element Solutions Inc amended Cross-currency Swaps with certain banks included in the Credit Agreement syndicate (the Hedge Counterparties) (effective 2022-10-24).","evidence_excerpt":"On October 24, 2022, the Company amended its existing cross-currency swaps (the \"Swaps\") with certain banks included in the Credit Agreement syndicate (the \"Hedge Counterparties\") to effectively swap to a fixed rate the one-month Term SOFR interest rate applicable to the Term Loans pursuant to Amendment No. 5.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain banks included in the Credit Agreement syndicate (the Hedge Counterparties)"},{"label":"Effective","value":"2022-10-24"}],"fact_type":"material_agreement"},{"claim_id":"a2c9385cb9e079f21455a3f7d75e3ee08308d956","claim":"Element Solutions Inc amended Amendment No. 6 to Credit Agreement with Citibank, N.A. and the several lenders party thereto valued at $375 million (effective 2022-11-15).","evidence_excerpt":"Amendment No. 6 provided for (i) a revolving credit facility in an aggregate principal amount of $375 million (the \"New Revolving Credit Facility\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590714/000159071422000085/0001590714-22-000085-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Citibank, N.A. and the several lenders party thereto"},{"label":"Value","value":"$375 million"},{"label":"Effective","value":"2022-11-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}