Casey's General Stores Files 8-K on Financial Obligation

Ticker: CASY · Form: 8-K · Filed: 2024-10-09T00:00:00.000Z

Sentiment: neutral

Topics: debt, financing, material-agreement

TL;DR

Casey's just signed a new financial deal, could affect their debt.

AI Summary

On October 4, 2024, Casey's General Stores, Inc. entered into a material definitive agreement related to a financial obligation. The company, incorporated in Iowa with its principal executive offices in Ankeny, IA, filed this 8-K report on October 9, 2024, detailing the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

Why It Matters

This filing indicates Casey's General Stores has entered into a new financial commitment, which could impact its debt structure and future financial flexibility.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce new risks related to debt servicing and financial covenants.

Key Numbers

Key Players & Entities

FAQ

What specific type of material definitive agreement did Casey's General Stores enter into?

The filing states the company entered into a material definitive agreement related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not specify the exact nature of the agreement.

What is the exact date of the earliest event reported in this 8-K filing?

The earliest event reported is dated October 4, 2024.

Where are Casey's General Stores, Inc.'s principal executive offices located?

The principal executive offices are located at One SE Convenience Blvd., Ankeny, Iowa 50021.

What is the company's fiscal year end?

The company's fiscal year ends on April 30 (0430).

What is the SIC code for Casey's General Stores, Inc.?

The Standard Industrial Classification (SIC) code is 5500, which corresponds to Retail-Auto Dealers & Gasoline Stations.

From the Filing

0000950142-24-002538.txt : 20241009 0000950142-24-002538.hdr.sgml : 20241009 20241009161041 ACCESSION NUMBER: 0000950142-24-002538 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20241004 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241009 DATE AS OF CHANGE: 20241009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CASEYS GENERAL STORES INC CENTRAL INDEX KEY: 0000726958 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 420935283 STATE OF INCORPORATION: IA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34700 FILM NUMBER: 241362897 BUSINESS ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 BUSINESS PHONE: 515-965-6100 MAIL ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 8-K 1 eh240541790_8k.htm FORM 8-K FORM 8-K false 0000726958 0000726958 2024-10-04 2024-10-04 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): October 4, 2024   CASEY’S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) Iowa (State or other jurisdiction of incorporation) 001-34700 42-0935283 (Commission File Number) (I.R.S. Employer Identification Number)   One SE Convenience Blvd. , Ankeny , Iowa (Address of principal executive offices) 50021 (Zip Code) ( 515 ) 965-6100 (Registrant’s telephone number, including area code) NONE (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Exchange Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value per share CASY The NASDAQ Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐           Item 1.01. Entry into a Material Definitive Agreement .   Note Purchase Agreement and Amendments On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Note

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