secwatch.observer — SEC 8-K summary
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Issuer:     Oil-Dri Corp of America (ODC)
CIK:        0000074046
Form:       8-K
Filed at:   2026-10-08T00:02:48+00:00
Accession:  0001628280-26-065374
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Oil-Dri amends BMO credit line to $100M, extends maturity to 2031; expands Prudential shelf to $150M
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- Ninth Amendment with BMO raises revolver to $100M from $75M and extends termination date to Oct. 7, 2031; accordion now up to greater of $125M or 100% of Consolidated EBITDA.
- One-time upfront fee of $200,000 paid to BMO; pricing reduced by expanding debt-to-earnings ratio; removed $100M cumulative permitted acquisitions threshold.
- Fifth Amendment with PGIM/Prudential extends shelf note issuance to Oct. 7, 2029 and raises shelf capacity to $150M from $75M, minus outstanding notes and accepted shelf notes.
- Amendments add restricted payments covenant limiting dividends, distributions and share buybacks except when not in default; Fifth Amendment adds Credit Agreement restrictive covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74046/000162828026065374/0001628280-26-065374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74046/000162828026065374/odc-20261007.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-065374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer