{"schema_version":"secwatch.filing_event.v1","accession":"0000080420-23-000020","form_type":"8-K","ticker":"POWL","cik":"0000080420","company_name":"POWELL INDUSTRIES INC","filed_at":"2023-04-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.306316+00:00","generated_at":"2026-06-17T05:29:49.620303+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Powell Industries increases revolving credit facility from $75M to $125M","bullets":["Revolving line of credit increased from $75M to $125M under second amendment to credit agreement.","Interest rate spread amended to range from 0.00% to 2.00% based on consolidated net leverage ratio.","Unused commitment fee set at 0.25% to 0.35% depending on leverage ratio.","New liquidity covenant requires maintaining at least $50M of liquidity.","Net leverage ratio calculation allows deduction of up to $50M based on letters of credit and unencumbered cash."],"urls":{"canonical":"https://secwatch.observer/filing/0000080420-23-000020","json":"https://secwatch.observer/filing/0000080420-23-000020.json","markdown":"https://secwatch.observer/filing/0000080420-23-000020.md","text":"https://secwatch.observer/filing/0000080420-23-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80420/000008042023000020/0000080420-23-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80420/000008042023000020/powl-20230331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T05:29:49.620303+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":"0f3b1846039f31471873653f2abdf470d8e846d8","claim":"POWELL INDUSTRIES INC incurred revolving credit of $125,000,000 with Bank of America, N.A. at 0.00% to 2.00% depending on the type of loan and the Company’s consolidated net.","evidence_excerpt":"the Company, together with certain of its direct subsidiaries, entered into a second amendment to the U.S. Revolver (the “Second Amendment”) with the lenders party thereto and Bank of America, as Administrative Agent, Swingline Lender, L/C Issuer and a Lender. The Second Amendment amended the U.S. Revolver by, among other things, (i) increasing the amount of the revolving line of credit extended to the Company thereunder from $75,000,000 to $125,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/80420/000008042023000020/0000080420-23-000020-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$125,000,000"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"0.00% to 2.00% depending on the type of loan and the Company’s consolidated net"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0aa580a7129e6794d3d23713110611d1d58b1b4d","claim":"POWELL INDUSTRIES INC amended Second Amendment with Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender valued at increasing the amount of the revolving line of credit ... from $75,000,000 to $125,000,000 (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, the Company, together with certain of its direct subsidiaries, entered into a second amendment to the U.S. Revolver (the \"Second Amendment\") with the lenders party thereto and Bank of America, as Administrative Agent, Swingline Lender, L/C Issuer and a Lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80420/000008042023000020/0000080420-23-000020-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as Administrative Agent, Swingline Lender, L/C Issuer and a Lender"},{"label":"Value","value":"increasing the amount of the revolving line of credit ... from $75,000,000 to $125,000,000"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}