{"schema_version":"secwatch.filing_event.v1","accession":"0000088205-23-000012","form_type":"8-K","ticker":"SPXC","cik":"0000088205","company_name":"SPX Technologies, Inc.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.579341+00:00","generated_at":"2026-06-16T10:38:17.770271+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SPX Technologies adds $300M incremental term loans via credit amendment","bullets":["Incremental Term Loans of $300M available in up to three drawings through Oct 18, 2023.","Proceeds to finance permitted acquisitions, fees, and other corporate purposes.","Loans mature August 12, 2027; interest rate is SOFR or base rate plus margin based on leverage.","Commitment fee on unused portion ranges from 0.225% to 0.275% p.a. based on leverage ratio.","Loans are guaranteed by domestic subsidiaries and secured by stock pledges of subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0000088205-23-000012","json":"https://secwatch.observer/filing/0000088205-23-000012.json","markdown":"https://secwatch.observer/filing/0000088205-23-000012.md","text":"https://secwatch.observer/filing/0000088205-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/spxc-20230421.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T10:38:17.770271+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":"1f15c9c836c364c33a6fd9f965c32e1b5eedb304","claim":"SPX Technologies, Inc. incurred term loan of $300.0 million with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR rate plus 0.10%, plus an applicable margin percentage maturing August 12, 2027.","evidence_excerpt":"The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million (the “Incremental Term Loans”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$300.0 million"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, and the lenders party thereto"},{"label":"Rate","value":"Term SOFR rate plus 0.10%, plus an applicable margin percentage"},{"label":"Maturity","value":"August 12, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"89bf9c268829d6ed683204a31fc2b5c14482d956","claim":"SPX Technologies, Inc. amended Incremental Amendment with Bank of America, N.A., as administrative agent, and the lenders party thereto valued at $300.0 million (effective 2023-04-21).","evidence_excerpt":"On April 21, 2023 (the “Incremental Amendment Effective Date”), SPX Enterprises, LLC (“SPXE”), a wholly owned subsidiary of SPX Technologies, Inc. (the “Company”), as the U.S. borrower, entered into an Incremental Facility Activation Notice (the “Incremental Amendment”) with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto, which amends the Amended and Restated Credit Agreement, dated as of August 12, 2022 (as amended, the “Credit Agreement”), among the Company, as parent, SPXE, as the U.S. borrower, the foreign subsidiary borrowers party thereto, the lenders party thereto, Deutsche Bank AG, as foreign trade facility agent, and the Administrative Agent. The Incremental Amendment provides for additional senior secured term loans in the aggregate amount of $300.0 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-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, and the lenders party thereto"},{"label":"Value","value":"$300.0 million"},{"label":"Effective","value":"2023-04-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}