secwatch.observer — SEC 8-K summary
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Issuer:     LCI INDUSTRIES (LCII)
CIK:        0000763744
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0000763744-25-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCI Industries enters $1.0B credit facilities, refinances existing $281M debt
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- New $600M five-year revolver (matures 2030) and $400M seven-year term loan (matures 2032) under Credit Agreement dated March 25, 2025.
- Term loan fully funded on closing; proceeds used to repay ~$281.3M outstanding under prior $600M revolver/$400M term loan from 2018.
- Interest rates: revolver SOFR+1.25%-2.00% or base+0.25%-1.00% (leverage-based); term loan SOFR+2.50% or base+1.50%.
- Financial covenants: max total net leverage 4.00x, min interest coverage 3.50x; incremental capacity up to $370M plus additional amounts.
- Facilities secured by first-lien on substantially all personal property of the Company, borrowers, and material subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763744/000076374425000046/0000763744-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763744/000076374425000046/lcii-20250325.htm
  HTML page:      https://secwatch.observer/filing/0000763744-25-000046

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