secwatch.observer — SEC 8-K summary
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Issuer:     HAWKINS INC (HWKN)
CIK:        0000046250
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0000046250-22-000010
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawkins, Inc. expands credit facility to $250M, up from $150M, with five-year maturity
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- New $250M revolving credit facility replaces prior $150M facility; matures April 27, 2027.
- Proceeds used to refinance ~$126M of existing debt; balance for working capital, capex, acquisitions.
- Interest rate: Term SOFR plus 0.85%-1.35% margin; commitment fee 0.15%-0.25% of unused commitments.
- Company also entered five-year interest rate swap locking $60M at a fixed rate.
- Covenants: minimum fixed charge coverage 1.15x, maximum total cash flow leverage 3.0x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46250/000004625022000010/0000046250-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46250/000004625022000010/hwkn-20220331.htm
  HTML page:      https://secwatch.observer/filing/0000046250-22-000010

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