secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000851310-22-000066
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/0000851310-22-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000066/hlit-20221028.htm
  HTML page:      https://secwatch.observer/filing/0000851310-22-000066

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