secwatch.observer — SEC 8-K summary
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Issuer:     HAWKINS INC (HWKN)
CIK:        0000046250
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000046250-25-000021
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawkins ups revolving credit facility to $400M, draws $150M for WaterSurplus acquisition
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- Revolving credit facility increased to $400M from prior $0M; includes $10M LC and $25M swingline subfacilities.
- Drew $150M to acquire substantially all assets of Surplus Management, Inc. dba WaterSurplus.
- Facility matures April 25, 2030; rates based on Term SOFR plus 1.00%-1.85% or base rate plus 0.00%-0.85%.
- Covenants include min. fixed charge coverage 1.15x, max. leverage 3.5x (4.0x after permitted acquisitions).
- JP Morgan Chase, Wells Fargo, and Associated Bank joined as lenders alongside U.S. Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46250/000004625025000021/0000046250-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46250/000004625025000021/hwkn-20250425.htm
  HTML page:      https://secwatch.observer/filing/0000046250-25-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer