109 material Form 8-K filings that 99 companies we cover made with the SEC in June 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
MasterBrand completed a $700.0 million private offering of 7.00% senior notes due 2032 and entered into a new $750.0 million revolving credit facility on June 27, 2024. The company said it will use the proceeds, along with revolver borrowings and cash on hand, to fund its previously announced acquisition of Supreme Cabinetry Brands, repay its existing term loan, and pay related fees. The new debt and secured credit terms add to the company's borrowing obligations, which shareholders should weigh against the pending acquisition.
Senior notes: $700.0 million principal, 7.00% interest, maturing July 15, 2032; net proceeds about $689.5 million
Revolving credit facility: 5-year, $750.0 million, with JPMorgan Chase Bank, N.A. as administrative agent
Proceeds to fund the Supreme Cabinetry Brands acquisition and refinance the existing credit agreement dated November 19, 2022
Credit agreement requires a net leverage ratio no higher than 3.50:1.00 through December 31, 2024, and 3.25:1.00 thereafter, subject to an acquisition step-up to 3.75:1.00
American Homes 4 Rent, L.P. completed a $500 million offering of 5.500% senior notes maturing July 15, 2034, issued at 99.455% of par value. The notes are unsecured and rank equally with the operating partnership's existing unsecured debt, which adds to the company's direct debt obligations.
$500,000,000 aggregate principal of 5.500% Senior Notes due July 15, 2034, completed June 26, 2024
Notes issued at 99.455% of par value; interest payable semi-annually on January 15 and July 15, starting January 15, 2025
Notes are unsecured and rank equally with existing and future unsecured indebtedness; the Indenture requires unencumbered assets of at least 150% of total unsecured indebtedness
Redeemable in whole or in part; on or after April 15, 2034, redemption price is 100% of principal plus accrued interest
Essent Group entered a refinancing agreement on June 26, 2024 for a five-year unsecured revolving credit facility of up to $500 million, up from $400 million of current borrowing capacity. The facility is intended to replace the company's existing senior secured credit facility, and its closing depends on an underwritten senior notes offering and repayment of the term loan borrowings. The filing says term loans are expected to be repaid from the note proceeds, and the new facility adds covenants, including a maximum 30% debt-to-total capitalization ratio.
Five-year unsecured revolving facility of up to $500 million, plus up to $250 million of uncommitted incremental capacity at the company's option
Closing is conditional on an underwritten senior notes offering starting June 26, 2024 and repayment of term loan borrowings under the existing facility
Covenants include a maximum debt-to-total capitalization ratio of 30%, PMIERs compliance and a minimum consolidated net worth requirement
Commitment fee rate at closing is 0.225% annually, based on the company's long-term issuer rating
Ziff Davis entered into a Joinder and Amendment to its credit agreement on June 18, 2024, increasing the revolving loan commitment by $250 million, adding JPMorgan Chase and Citibank as lenders, and extending the scheduled maturity date. The amendment also lowers the SOFR credit spread adjustment to 0.10% and allows borrowings to repay or refinance the company's 1.75% Convertible Senior Notes due 2026.
Revolving loan commitment increased by $250,000,000; JPMorgan Chase Bank, N.A. and Citibank N.A. added as new lenders
Scheduled maturity extended from April 7, 2026 to the earlier of June 7, 2027 or, in limited circumstances, August 2, 2026
SOFR credit spread adjustment reduced to 0.10% across all interest period tenors
Loans may be drawn to repay or refinance the 1.75% Convertible Senior Notes due 2026
On June 21, 2024, Axalta and its subsidiaries entered into the Fifteenth Amendment to their Credit Agreement with certain lenders and Barclays Bank PLC as administrative agent. The amendment increases the revolving credit facility from $550 million to $800 million and extends its maturity from May 2026 to June 2029, subject to acceleration in certain circumstances. The filing gives more borrowing capacity and a later maturity date but does not describe the reasons for the change or any borrowings under the facility.
Revolving credit commitments increased from $550 million to $800 million.
Maturity of the revolving credit facility extended from May 2026 to June 2029, subject to acceleration in certain circumstances.
Amendment dated June 21, 2024; Barclays Bank PLC is administrative agent and collateral agent.
Full text filed as Exhibit 10.1 to the 8-K dated June 24, 2024.
Lincoln Electric issued $550 million of senior unsecured notes on June 20 and 24, 2024, and entered a new $1 billion revolving credit facility. Proceeds of the Series C notes repaid the company's $400 million term loan, and the 2021 $500 million revolving facility was terminated. After the transactions, the company reports $1.25 billion of total debt outstanding, with a weighted average interest rate of 4.08%, and expects full-year 2024 interest expense, net, to be relatively steady versus the prior year.
Notes: $75 million Series A at 5.55% due August 2029, $75 million Series B at 5.62% due August 2031, and $400 million Series C at 5.74% due June 2034.
Series C proceeds repaid the $400 million term loan under the credit agreement dated November 29, 2022, which was terminated.
New $1 billion revolving credit facility matures June 20, 2029, with no outstanding borrowings at closing; the 2021 $500 million facility was terminated.
Total debt outstanding is $1.25 billion, with covenants of a maximum net leverage ratio of 3.5x EBITDA and a minimum interest coverage ratio of 2.5x EBITDA.
Nordson entered a $500.0 million 364-day delayed draw term loan on June 21, 2024, and a $72.5 million increase to its revolving credit commitments, which brings the revolving facility to $922.5 million. The company plans to use the term loan proceeds in part to fund its previously announced acquisition of Atrion Corporation, so the filing adds debt tied to that deal.
Term Loan Facility: $500.0 million, delayed draw, senior unsecured, matures 364 days after the closing date, which is tied to the Atrion acquisition closing.
Revolving Credit Facility: aggregate commitments increased by $72.5 million to $922.5 million under an Incremental Amendment dated June 21, 2024.
Loans bear interest at a base rate or SOFR plus a margin based on Nordson's leverage ratio; covenants include a leverage ratio and an interest coverage ratio.
Acquisition of Atrion was agreed on May 28, 2024, under a merger agreement in which Atrion becomes a wholly owned subsidiary.
On June 13, 2024, Greenwich LifeSciences agreed to sell 174,825 common shares to its CEO, Snehal Patel, in a private placement for approximately $2.5 million in gross proceeds before offering expenses. The shares are restricted, carry no registration rights, and are expected to close on June 18, 2024. The company plans to use the net proceeds for clinical development and working capital, and the sale adds new shares to the outstanding count.
174,825 shares of common stock priced at $14.30 per share, the Nasdaq official closing price on June 12, 2024
Gross proceeds of approximately $2.5 million before offering expenses
Closing expected June 18, 2024, subject to customary closing conditions
Shares are restricted securities with no registration rights, sold under Section 4(a)(2) and/or Rule 506
Fair Isaac Corporation entered into a Third Amendment to its credit agreement on June 13, 2024, adding an unsecured $450 million incremental term loan maturing August 19, 2026. The filing says the company has no scheduled principal repayments before maturity and may prepay without premium or penalty, and the loan adds to the company's borrowing.
Incremental Term A-1 Loan of $450 million, unsecured, maturing August 19, 2026
No scheduled principal repayments before maturity; prepayment allowed without premium or penalty
Interest based on SOFR plus 100 to 175 basis points, or base rate plus 0 to 75 basis points, tied to total leverage ratio
Credit agreement also includes a $600 million revolving facility and a $300 million initial term loan
EastGroup Properties entered a Sixth Amended and Restated Credit Agreement on June 13, 2024, replacing its existing $625 million unsecured revolving credit facility and repaying all outstanding obligations under the prior agreement. The new facility also carries a $625 million accordion feature and an initial maturity of July 31, 2028, and the company separately extended its working cash line on the same terms and date.
New credit facility allows borrowings of up to $625 million, with an initial rate of SOFR plus 0.765%, equal to 6.10% at June 13, 2024
Initial maturity is July 31, 2028, with two six-month extensions at the company's option
Covenants include total liabilities to total asset value of 60% or less and a fixed charge coverage ratio of at least 1.50:1.00
Working cash line with PNC Bank was extended to July 31, 2028 under substantially the same terms
Quanex Building Products amended its existing credit agreement on June 12, 2024 to raise its senior secured revolving credit facility to $475 million and add a $500 million senior secured term loan A. The company says proceeds will be used in part to fund a portion of the purchase price for its planned acquisition of Tyman plc, which was previously announced on April 22, 2024. The new borrowing adds significant debt that shareholders will bear while the Tyman transaction remains subject to completion.
June 12, 2024: amendment to Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association as agent
Revolving facility of $475 million and term loan A of $500 million, both with a five-year maturity
Term A loan amortizes at 5% per annum; interest at Base Rate plus 1.000% to 1.750% or Adjusted Term SOFR plus 2.000% to 2.750%
Facilities are secured by first-priority liens on substantially all assets and guaranteed by material U.S. subsidiaries
Take-Two Interactive Software completed a $600 million underwritten offering of senior unsecured notes on June 12, 2024, split evenly between 5.400% notes due 2029 and 5.600% notes due 2034. The company said it plans to use the net proceeds for general corporate purposes, including repaying its $600 million 3.550% senior notes due 2025 at or before maturity, so the deal mainly refinances existing debt.
$300 million of 5.400% senior notes mature June 12, 2029, and $300 million of 5.600% senior notes mature June 12, 2034.
Interest is paid semi-annually on June 12 and December 12, starting December 12, 2024.
Proceeds are intended for general corporate purposes, including repaying the $600 million 3.550% senior notes due 2025.
If a change of control repurchase event occurs, holders can require repurchase at 101% of principal plus accrued interest.
Coca-Cola Consolidated entered into a $1.3 billion term loan agreement and a new $500 million five-year revolving credit facility, both led by Wells Fargo, on June 10, 2024. The revolver replaces the company's existing credit agreement dated July 9, 2021, and the filing says proceeds may be used for general corporate purposes, including stock repurchases and dividends.
Term loans: up to $800 million maturing June 10, 2027, and up to $500 million maturing June 10, 2029, drawable on a delayed basis within 90 days
Revolving credit facility: $500 million maturing June 10, 2029, replacing the July 9, 2021 credit agreement
Financial covenants require adjusted operating cash flow to fixed charges of at least 1.5 to 1.0 and funded debt to cash flow of no more than 6.0 to 1.0
MasTec closed its previously announced offering of $550.0 million in 5.900% senior unsecured notes due June 15, 2029, issued under a 2009 base indenture and a new supplemental indenture dated June 10, 2024. The notes add $550.0 million of direct debt, and the filing says they are not guaranteed by subsidiaries and are structurally subordinated to subsidiary obligations.
Principal amount: $550.0 million of 5.900% senior unsecured notes due June 15, 2029
Interest payable June 15 and December 15 each year, starting December 15, 2024
Notes are not guaranteed by subsidiaries and are effectively subordinated to secured debt
U.S. Bank Trust Company, National Association is trustee, registrar and paying agent
On June 5, 2024, MasTec agreed to sell $550 million of 5.900% senior notes maturing June 15, 2029, priced at 99.956%. Net proceeds are intended to fund a tender offer by subsidiary IEA Energy Services for its 6.625% senior notes due 2029, repay some or all of its three-year term loan, and pay fees, with any remainder used to repay part of its senior unsecured credit facility or for general corporate purposes. The company expects to close the offering on June 10, 2024, subject to customary conditions.
$550 million aggregate principal of 5.900% senior notes, paying semi-annual interest and maturing June 15, 2029, priced at 99.956%.
Proceeds intended to fund a tender offer for IEA Energy Services' 6.625% senior notes due 2029, repay term loans, and pay fees and expenses.
Closing expected June 10, 2024, subject to customary conditions; closing is not contingent on completion of the tender offer.
Notes are senior unsecured and structurally subordinated to liabilities of MasTec's subsidiaries, including trade payables.
United Fire Group completed a $70 million private placement of senior unsecured notes on May 31, 2024, with Ares Management, LLC as lead investor. The notes carry a 9% annual interest rate, pay interest quarterly starting August 31, 2024, and mature on May 31, 2039, adding a long-term fixed debt obligation for shareholders to consider. The company said the proceeds will go to its insurance subsidiaries to fund anticipated growth and for general corporate purposes.
$70 million aggregate principal of senior unsecured notes at 9% annual interest, due May 31, 2039
Interest payable quarterly in arrears, beginning August 31, 2024
Company may not redeem the notes before May 31, 2034, except upon a change in control or acceleration after an event of default
Proceeds to be contributed to insurance subsidiaries for anticipated growth and general corporate purposes
G-III Apparel's subsidiaries entered into a third amended and restated asset-based revolving credit agreement on June 4, 2024, with JPMorgan Chase Bank, N.A. as administrative agent. The facility provides up to $700 million, up from $650 million under the prior agreement, and extends maturity to June 4, 2029 from August 7, 2025. Borrowings are secured by specified assets and carry SOFR-based interest rates plus a margin of 1.50% to 2.00%.
Facility size: up to $700 million, versus $650 million under the Second Credit Agreement
Maturity extended to June 4, 2029 from August 7, 2025, subject to a springing maturity date
Interest at SOFR plus 1.50% to 2.00%, or alternate base rate plus 0.50% to 1.00%, based on average daily availability
Borrowers are G-III Leather Fashions, Riviera Sun, AM Retail Group and The Donna Karan Company Store LLC
Intercontinental Exchange entered into a Thirteenth Amendment to its existing revolving credit agreement on May 31, 2024, extending the maturity date to May 31, 2029. The $3.9 billion senior unsecured facility remains the same size, and the filing describes it as a backstop for the company's commercial paper program, so the change mainly lengthens the period over which the company can borrow under this line.
Facility size unchanged at $3.9 billion, with an option to propose an increase of up to $1.0 billion subject to lender consent
Maturity extended to May 31, 2029, the fifth anniversary of the amendment's effectiveness
Borrowings priced at term SOFR plus a ratings-based margin of 0.875% to 1.500%; undrawn fee of 0.080% to 0.200%
Wells Fargo Bank, National Association serves as administrative agent
Intercontinental Exchange completed an exchange offer on June 5, 2024, swapping $997.5 million of Black Knight InfoServ 3.625% senior notes for newly issued ICE notes maturing September 1, 2028. The new notes carry the same interest rate and payment dates as the old notes and rank equally with ICE's other unsecured obligations, so the exchange shifts debt from a subsidiary's notes to the parent company's notes without changing the interest terms in the filing.
Exchange offer expired June 3, 2024, with $997,505,000 of the $1 billion BK Notes validly tendered (about 99.75%)
ICE issued $997,501,000 in aggregate principal amount of new ICE Notes at settlement on June 5, 2024
$2,495,000 of BK Notes remain outstanding after cancellation of tendered notes
ICE Notes mature September 1, 2028, with the same interest rate and payment dates as the BK Notes
Gates Corporation, an indirect subsidiary of Gates Industrial, sold $500.0 million of 6.875% senior notes due July 1, 2029, at 100% of par on June 4, 2024. The company used the proceeds, new term loans and cash on hand to redeem all $568.0 million of its 6.250% notes due 2026 and amended its credit agreement, which includes $1,300.0 million of new term loans maturing in June 2031. The filing describes a refinancing of existing debt rather than new borrowing for an acquisition.
$500.0 million of 6.875% senior notes due July 1, 2029, issued at 100% of par on June 4, 2024
All $568.0 million of 6.250% senior notes due 2026 redeemed on June 4, 2024
Amendment No. 9 added $1,300.0 million of Initial B-5 dollar term loans maturing June 2031 and upsized revolving credit commitments by $250 million
The notes are not obligations of, or guaranteed by, Gates Industrial Corporation plc
On May 30, 2024, Maximus entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The company repaid part of its tranche A term loan, reducing it to $650 million, and increased its tranche B term loan to $500 million and its revolving credit facility to $750 million, with maturities extended about three years. The loans are secured by substantially all assets of the company and its wholly owned material domestic subsidiaries, and include financial covenants tested quarterly.
Tranche A term loan reduced to $650 million from about $868.1 million; maturity extended to May 30, 2029
Tranche B term loan increased to $500 million from about $343.2 million; maturity extended to May 30, 2031
Revolving credit facility increased to $750 million from $600 million; maturity extended to May 30, 2029
Financial covenants: maximum net total leverage ratio of 4.00 to 1.00 and minimum net interest coverage ratio of 3.00 to 1.00, tested quarterly starting September 30, 2024
F&G Annuities & Life, Inc., a majority-owned subsidiary of Fidelity National Financial, completed a $550 million offering of 6.500% senior notes due 2029 on June 4, 2024. F&G plans to use part of the proceeds to fund a cash tender offer by its subsidiary FGLH for up to $250 million of FGLH's 5.50% notes due 2025, with the early results showing $365.3 million tendered by the June 3 deadline. The filing reports debt financing activity only, with no earnings or guidance figures.
$550 million of 6.500% senior notes due 2029 completed June 4, 2024; interest is payable semi-annually beginning December 4, 2024
Tender offer for up to $250 million of FGLH 5.50% notes due 2025; $365.3 million was validly tendered by 5:00 p.m. on June 3, 2024
Accepted notes are to be purchased June 5, 2024 at $1,000 per $1,000 principal, including a $50 early tender payment; proration factor is 68.5%
Remaining net proceeds are for general corporate purposes, which may include repurchasing, redeeming or repaying debt
On June 3, 2024, Cummins entered into a new 5-year credit agreement and a new 364-day credit agreement, each allowing borrowings of up to $2.0 billion outstanding at any time, with JPMorgan Chase Bank as administrative agent. Both agreements replace earlier versions, and the company will guarantee all borrowings by its subsidiary borrowers. The filing describes the agreements as a source of committed borrowing capacity and does not report any amount drawn.
5-year credit agreement allows up to $2.0 billion outstanding and matures June 3, 2029.
364-day credit agreement allows up to $2.0 billion outstanding until its Commitment Termination Date of June 2, 2025, with an option to convert revolving loans into term loans maturing one year later for a 0.5% fee.
Each facility can be increased by up to $1.0 billion, subject to conditions including lender consent.
Based on current A2 (Moody's) and A (S&P) senior unsecured ratings, the applicable rates would be 0.75% (364-day) and 0.875% (5-year), and a financial covenant caps the net debt to total capital ratio at 0.65:1.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.