secwatch.observer — SEC 8-K summary
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Issuer:     Graham Holdings Co (GHC)
CIK:        0000104889
Form:       8-K
Filed at:   2025-11-24T23:59:59+00:00
Accession:  0001628280-25-053825
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graham Holdings issues $500M 5.625% notes due 2033; enters $400M revolver
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104889/000162828025053825/0001628280-25-053825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104889/000162828025053825/ghc-20251124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-053825

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