{"schema_version":"secwatch.filing_event.v1","accession":"0000080035-25-000006","form_type":"8-K","ticker":"PLPC","cik":"0000080035","company_name":"PREFORMED LINE PRODUCTS CO","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.409316+00:00","generated_at":"2026-05-18T04:46:50.456264+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Subsidiary PLP Poland secures PLN 100.3M ($27.4M) loan for new manufacturing plant","bullets":["Loan of PLN 100.3M (~$27.4M) from Bank Pekao S.A. to finance construction of a new factory in Wieprz, Poland.","Interest at WIBOR 1M + 1.0% (or 1.5% if parent leverage ratio >3.0x); maturity January 31, 2035.","Loan guaranteed by Preformed Line Products Company; secured by mortgages and pledges on existing and new plant assets.","Annual installments ranging from PLN 5.3M (2026) to PLN 18.8M balloon (2035); grace period until July 30, 2026.","Financial covenants tied to parent's PNC Bank agreement: tangible net worth ≥$251.7M, debt/EBITDA ≤3.0x, interest coverage ≥3.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0000080035-25-000006","json":"https://secwatch.observer/filing/0000080035-25-000006.json","markdown":"https://secwatch.observer/filing/0000080035-25-000006.md","text":"https://secwatch.observer/filing/0000080035-25-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80035/000008003525000006/0000080035-25-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80035/000008003525000006/plpc-20250716.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:46:50.456264+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":"41e869950b5456f741e2e46984a3858de80806d6","claim":"PREFORMED LINE PRODUCTS CO incurred term loan of up to PLN100.3 million ($27.4 million) with Bank Polska Kasa Opieki Spółka Akcyjna (Bank Pekao S.A.) at one month Warsaw Interbank Offered Rate (\"WIBOR\") plus 1.0% per annum maturing January 31, 2035.","evidence_excerpt":"On July 16, 2025, PLP Poland (Belos) S.A. (\"PLP Poland\"), a subsidiary of Preformed Line Products Company (the “Company”), entered into a non-revolving investment loan with Bank Polska Kasa Opieki Spółka Akcyjna (\"Bank Pekao S.A.\") to finance the construction of a new manufacturing plant. The loan is guaranteed by the Company and secured by the current manufacturing plant owned by PLP Poland, the plant under construction and all fixed assets within both plants. The loan allows for an amount up to PLN100.3 million ($27.4 million) and will bear interest at the one month Warsaw Interbank Offered Rate (\"WIBOR\") plus 1.0% per annum, unless the Company’s funded debt to Earnings before Interest, Taxes and Depreciation ratio exceeds 3.0 to 1, at which point the WIBOR spread becomes 1.5%. The loan agreement also contains, among other provisions, requirements for maintaining levels of net worth and profitability. The maturity date of the loan is January 31, 2035 and is payable in annual installm","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/80035/000008003525000006/0000080035-25-000006-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to PLN100.3 million ($27.4 million)"},{"label":"Counterparty","value":"Bank Polska Kasa Opieki Spółka Akcyjna (Bank Pekao S.A.)"},{"label":"Rate","value":"one month Warsaw Interbank Offered Rate (\"WIBOR\") plus 1.0% per annum"},{"label":"Maturity","value":"January 31, 2035"},{"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"}