secwatch.observer — SEC 8-K summary
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Issuer:     Lamb Weston Holdings, Inc. (LW)
CIK:        0001679273
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001679273-24-000067
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamb Weston secures $500M new term loan, repays $300M existing facility
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- New $500M Term A-5 Loan replaces $300M Term A Loan; proceeds used to fully repay existing loan on Sept 27, 2024.
- Interest rate based on SOFR plus 1.85%-2.85% (or Base Rate plus 0.85%-1.85%) depending on leverage ratio.
- Quarterly amortization payments start March 2025 at 5% of original principal per year; final maturity Sept 27, 2031.
- Amendment also updates certain schedules and representations; all other credit terms remain unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000067/0001679273-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679273/000167927324000067/lw-20240927.htm
  HTML page:      https://secwatch.observer/filing/0001679273-24-000067

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