secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000088205-23-000012
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies adds $300M incremental term loans via credit amendment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/0000088205-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000008820523000012/spxc-20230421.htm
  HTML page:      https://secwatch.observer/filing/0000088205-23-000012

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