---
schema_version: "secwatch.filing_event.v1"
accession: "0000851310-22-000066"
form_type: "8-K"
ticker: "HLIT"
cik: "0000851310"
company_name: "HARMONIC INC."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T16:17:59.189954+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Harmonic amends credit facility, extends maturity to 2025 and shifts to SOFR

## Summary
- Maturity extended to Oct 28, 2025, or 90 days before Convertible Notes due 2024 mature.
- Interest benchmark changed from LIBOR to SOFR; SOFR loans at 3.00% + Term SOFR plus SOFR Adjustment.
- Base rate loans at 2.00% + greater of 2.50% or Wall Street Journal prime rate.
- Undrawn commitment fee of 0.50% or 0.30% depending on undrawn amount; Fourth Amendment Fee paid to JPMorgan.
- No Default or Material Adverse Effect conditions satisfied; loan documents ratified.

## SEC filing metadata
- accession: 0000851310-22-000066
- form_type: 8-K
- ticker: HLIT
- cik: 0000851310
- company_name: HARMONIC INC.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/0000851310-22-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/hlit-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000851310-22-000066
- JSON: https://secwatch.observer/filing/0000851310-22-000066.json
- Plain text: https://secwatch.observer/filing/0000851310-22-000066.txt

## Key facts
- Debt Financings
  HARMONIC INC. amended credit facility with JPMorgan Chase Bank, N.A. at SOFR plus 3.00% maturing October 28, 2025.
  - Instrument: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: SOFR plus 3.00%
  - Maturity: October 28, 2025
  - Event: amendment
  source text: On October 28, 2022, Harmonic Inc. (the “Company”) entered into a fourth amendment (“Amendment No. 4”) to that certain Credit Agreement, dated December 19, 2019, by and among the Company and Harmonic International GmbH, as co-borrowers, certain subsidiaries of the Company from time to time party thereto, as guarantors, and JPMorgan Chase Bank, N.A., as lender (as amended, the “Credit Facility”). Amendment No. 4 amends the Credit Facility to, among other things (i) extend the maturity date of the Credit Facility to the earlier of (a) October 28, 2025 or (b) subject to certain exceptions, the date that is 90 days prior to the maturity date of the Company’s 2.00% Convertible Senior Notes due 2024 (to the extent such notes remain outstanding as of such date), (ii) amend the interest rate provisions to replace LIBOR with SOFR as the interest rate benchmark and (iii) make certain other revisions as more fully set forth therein. As amended, the revolving loans bear interest, at the Company’s
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/0000851310-22-000066-index.htm
- Material Agreements
  HARMONIC INC. amended Amendment No. 4 with JPMorgan Chase Bank, N.A. (effective 2022-10-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2022-10-28
  source text: On October 28, 2022, Harmonic Inc. (the “Company”) entered into a fourth amendment (“Amendment No. 4”) to that certain Credit Agreement, dated December 19, 2019, by and among the Company and Harmonic International GmbH, as co-borrowers, certain subsidiaries of the Company from time to time party thereto, as guarantors, and JPMorgan Chase Bank, N.A., as lender (as amended, the “Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/0000851310-22-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.