secwatch.observer — SEC 8-K summary
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Issuer:     Knife River Corp (KNF)
CIK:        0001955520
Form:       8-K
Filed at:   2026-05-18T20:45:21+00:00
Accession:  0001628280-26-036006
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knife River upsizes term loans by $400M, reduces interest margin by 25bps
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- Increased term B loans by $400M aggregate principal; total outstanding now $895M.
- Interest rate margin reduced by 0.25%; SOFR loans at 1.75%, base rate at 0.75%.
- Proceeds will refinance existing term B loans, repay revolver borrowings, and for working capital and general corporate purposes.
- Second Amendment dated May 15, 2026; JPMorgan Chase Bank, N.A. is administrative agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1955520/000162828026036006/0001628280-26-036006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1955520/000162828026036006/knf-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-036006

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