Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Knife River Corp amended term loan of $400 million with JPMorgan Chase Bank, N.A., as administrative agent at 1.75% per annum, in the case of SOFR loans, or 0.75% per annum, in the case of a.
- Instrument
- term loan
- Principal
- $400 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- 1.75% per annum, in the case of SOFR loans, or 0.75% per annum, in the case of a
- Event
- amendment
Exact text from the filing
On May 15, 2026, Knife River Corporation (the “Company”) and certain of its subsidiaries entered into that certain Second Amendment (the “Second Amendment”) with the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit Agreement, dated as of May 31, 2023 (as previously amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), among the Company, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. Pursuant to the terms of the Second Amendment, the Company increased the existing term B loans (the “Existing Term B Loans”) by an aggregate principal amount of $400 million and reduced the interest rate margin applicable thereto by 0.25%.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Knife River Corp amended Second Amendment with JPMorgan Chase Bank, N.A., as administrative agent valued at $400 million (effective 2026-05-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Value
- $400 million
- Effective
- 2026-05-15
Exact text from the filing
On May 15, 2026, Knife River Corporation (the “Company”) and certain of its subsidiaries entered into that certain Second Amendment (the “Second Amendment”) with the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent, amending that certain Credit Agreement, dated as of May 31, 2023 (as previously amended, restated, amended and restated, supplemented or otherwise modified, the “Credit Agreement”), among the Company, the lenders and other parties party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. Pursuant to the terms of the Second Amendment, the Company increased the existing term B loans (the “Existing Term B Loans”) by an aggregate principal amount of $400 million and reduced the interest rate margin applicable thereto by 0.25%.
View on SEC.gov