secwatch.observer — SEC 8-K summary
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Issuer:     LCI INDUSTRIES (LCII)
CIK:        0000763744
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0000763744-23-000056
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCI Industries amends credit agreement: transitions to SOFR, temporarily relaxes financial covenants
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- Total net leverage ratio covenant increased to 4.25:1.00 for Sept 30, 2023 quarter; reverts to 3.00:1.00 after.
- Minimum debt service coverage ratio decreased to 1.15:1.00 for Sept 30, 2023 quarter; reverts to 2.00:1.00.
- Interest rate benchmark transitions from LIBOR to term SOFR plus 0.10% credit spread adjustment.
- Amendment dated May 23, 2023; effective immediately; credit facility total remains $600M revolver and $400M term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763744/000076374423000056/0000763744-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763744/000076374423000056/lcii-20230523.htm
  HTML page:      https://secwatch.observer/filing/0000763744-23-000056

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