secwatch.observer — SEC 8-K summary
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Issuer:     CAVCO INDUSTRIES, INC. (CVCO)
CIK:        0000278166
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000278166-24-000161
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cavco Industries enters $75M revolving credit facility maturing 2029
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- New $75M revolving credit facility with Bank of America, maturing November 12, 2029.
- Interest at Term SOFR plus 1.25-1.50% or Base Rate plus 0.25-0.50% based on leverage.
- Financial covenants: max total leverage 3.25x and minimum consolidated EBITDA of $75M.
- No borrowings outstanding as of November 12, 2024; facility includes $10M letter of credit subfacility.
- Amends and restates prior November 2022 credit agreement; $75M incremental facility available.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000161/0000278166-24-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/278166/000027816624000161/cvco-20241112.htm
  HTML page:      https://secwatch.observer/filing/0000278166-24-000161

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