{"schema_version":"secwatch.filing_event.v1","accession":"0000071829-25-000105","form_type":"8-K","ticker":"NPKI","cik":"0000071829","company_name":"NPK International Inc.","filed_at":"2025-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.096540+00:00","generated_at":"2026-05-19T00:29:28.821123+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NPK International enters $150M senior secured revolving credit facility, replacing prior agreement","bullets":["New $150M revolving credit facility with Bank of America as agent; matures June 20, 2030.","Facility includes $10M letter of credit sublimit and $15M swingline sublimit; up to $100M accordion available.","Interest rates: Term SOFR + 1.75% initial margin, Base Rate + 0.75%; margins step up with leverage ratio.","Financial covenants: maximum Consolidated Leverage Ratio 3.00:1.00 and minimum Fixed Charge Coverage 1.25:1.00.","Facility replaces prior Second Amended and Restated Credit Agreement dated May 2, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000071829-25-000105","json":"https://secwatch.observer/filing/0000071829-25-000105.json","markdown":"https://secwatch.observer/filing/0000071829-25-000105.md","text":"https://secwatch.observer/filing/0000071829-25-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/0000071829-25-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/nr-20250620.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T00:29:28.821123+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"94f4d9243837c8a6ac5c2da49975a3296f7dccde","claim":"NPK International Inc. incurred revolving credit of $150 million with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer at Term SOFR rate plus a per annum applicable margin maturing June 20, 2030.","evidence_excerpt":"On June 20, 2025, NPK International Inc., a Delaware corporation (the “Company”), as borrower, and certain of its subsidiaries, as guarantors, entered into a credit agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer, and a group of lenders, including Bank of America, N.A. The Credit Agreement provides for a senior secured revolving credit facility with aggregate commitments of $150 million (the “Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/71829/000007182925000105/0000071829-25-000105-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, swingline lender and a letter of credit issuer"},{"label":"Rate","value":"Term SOFR rate plus a per annum applicable margin"},{"label":"Maturity","value":"June 20, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}