{"schema_version":"secwatch.filing_event.v1","accession":"0000719733-24-000146","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.904182+00:00","generated_at":"2026-05-29T07:51:00.549228+00:00","sec_items":["1.01","2.03","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Key Tronic enters $115M revolver and $28M term loan, refinances prior Bank of America facility","bullets":["$115M asset-based revolver with BMO, matures Dec 3, 2029; $75M outstanding at close.","$28M term loan with Callodine, quarterly principal payments of $0.75M, matures earlier of Dec 2029 or revolver maturity.","Interest rate: SOFR + 2.50%-3.00% for revolver; Term Loan at SOFR + 7.00% plus margin; both have 2.00% default rate.","Financial covenants: fixed charge coverage ratio ≥1.00x monthly; Term Loan requires minimum trailing 12-month EBITDA rising from $14.3M to $25.8M.","Write-off of ~$0.9M unamortized financing fees from prior facility; Prior Bank of America facility terminated."],"urls":{"canonical":"https://secwatch.observer/filing/0000719733-24-000146","json":"https://secwatch.observer/filing/0000719733-24-000146.json","markdown":"https://secwatch.observer/filing/0000719733-24-000146.md","text":"https://secwatch.observer/filing/0000719733-24-000146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000146/0000719733-24-000146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000146/ktcc-20241203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:51:00.549228+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}