secwatch.observer — SEC 8-K summary
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Issuer:     Adient plc (ADNT)
CIK:        0001670541
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001670541-24-000135
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adient reduces interest rate margin on $632M term loan to 2.25% (Term SOFR) and 1.25% (Base Rate)
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- Amendment No. 4 to Term Loan Credit Agreement dated Dec 12, 2024 reduces Applicable Margin for Term SOFR loans to 2.25% and Base Rate loans to 1.25%.
- Total outstanding loans of $632M remain unchanged; obligations continue secured and guaranteed on same terms.
- Repricing event triggers a 1.00% prepayment fee if occurs within six months of the effective date.
- Amendment was consented to by Required Lenders; non-consenting lenders' loans were assigned to Bank of America as New Term Lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670541/000167054124000135/0001670541-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670541/000167054124000135/adnt-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001670541-24-000135

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