Short answer
Knife River Corp (KNF) filed an 8-K current report with the SEC on May 18, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $400 million term B loan increase, bringing total outstanding term B loans to $895 million.
Knife River Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $400 million term B loan increase, bringing total outstanding term B loans to $895 million
- Interest margin reduced 0.25%, with rates of 1.75% for SOFR loans or 0.75% for base-rate loans
- Proceeds earmarked for refinancing, revolving-credit repayment, working capital, and general corporate purposes
- Transaction lowers borrowing costs but increases term debt and reinforces reliance on leveraged financing
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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