{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-053825","form_type":"8-K","ticker":"GHC","cik":"0000104889","company_name":"Graham Holdings Co","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.656073+00:00","generated_at":"2026-05-16T17:13:19.530375+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Graham Holdings issues $500M 5.625% notes due 2033; enters $400M revolver","bullets":["Issued $500M senior unsecured notes at 5.625%, due Dec 1, 2033, with semi-annual interest starting June 1, 2026.","New $400M five-year revolving credit facility replaces existing revolver; increases L/C sublimit to $40M.","Proceeds used to redeem $500M 5.750% notes due 2026, repay $150M term loan, and refinance existing revolver.","Credit facility requires max total net leverage ratio of 3.5x and min interest coverage of 3.0x.","Notes are senior unsecured, guaranteed by certain domestic subsidiaries; will rank equally with other unsecured debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-053825","json":"https://secwatch.observer/filing/0001628280-25-053825.json","markdown":"https://secwatch.observer/filing/0001628280-25-053825.md","text":"https://secwatch.observer/filing/0001628280-25-053825.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/104889/000162828025053825/0001628280-25-053825-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/104889/000162828025053825/ghc-20251124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:13:19.530375+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":"35b2392cc8c46e40cc5f2bab0428116dcf408039","claim":"Graham Holdings Co incurred senior notes of $500 million aggregate principal amount with J.P. Morgan Securities LLC at 5.625% per annum maturing December 1, 2033.","evidence_excerpt":"On November 24, 2025, the Company completed the issuance and sale of $500 million aggregate principal amount of senior unsecured notes due 2033 (the Notes).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/104889/000162828025053825/0001628280-25-053825-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500 million aggregate principal amount"},{"label":"Counterparty","value":"J.P. Morgan Securities LLC"},{"label":"Rate","value":"5.625% per annum"},{"label":"Maturity","value":"December 1, 2033"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}