---
schema_version: "secwatch.filing_event.v1"
accession: "0000851310-23-000087"
form_type: "8-K"
ticker: "HLIT"
cik: "0000851310"
company_name: "HARMONIC INC."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T05:06:47.932613+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Harmonic enters $30M receivables sale facility and amends credit agreement to permit it

## Summary
- Harmonic signed a $30M Master Receivables Purchase Agreement with JPMorgan to sell accounts receivable.
- Fifth Amendment to existing credit facility allows the RPA and sets aggregate indebtedness cap at $50M.
- Purchased accounts are excluded from eligible accounts under the credit facility; Comcast accounts are also excluded if sold.
- RPA obligations are secured under loan documents; lender retains first-priority lien on amounts JPMorgan owes Harmonic for purchased receivables.
- Facility provides up to $30M in additional liquidity, with proceeds used for general corporate purposes.

## SEC filing metadata
- accession: 0000851310-23-000087
- form_type: 8-K
- ticker: HLIT
- cik: 0000851310
- company_name: HARMONIC INC.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851310/000085131023000087/0000851310-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851310/000085131023000087/hlit-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000851310-23-000087
- JSON: https://secwatch.observer/filing/0000851310-23-000087.json
- Plain text: https://secwatch.observer/filing/0000851310-23-000087.txt

## Key facts
- Material Agreements
  HARMONIC INC. amended Fifth Amendment to Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2023-09-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-09-29
  source text: On September 29, 2023, Harmonic Inc. (the “ Company ”) entered into a fifth amendment (“ Amendment No. 5 ”) to that certain Credit Agreement, dated December 19, 2019, by and among the Company and Harmonic International GmbH, as co-borrowers, and JPMorgan Chase Bank, N.A., as lender (the “ Credit Facility ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131023000087/0000851310-23-000087-index.htm
- Material Agreements
  HARMONIC INC. entered into Master Receivables Purchase Agreement with JPMorgan Chase Bank, N.A. valued at up to $30 million (effective 2023-09-29).
  - Action: entry
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: up to $30 million
  - Effective: 2023-09-29
  source text: On September 29, 2023, the Company entered into a Master Receivables Purchase Agreement (the “ Purchase Agreement ”) with JPMorgan Chase Bank, N.A., as purchaser (the “ Purchaser ”), pursuant to which the Company may, from time to time, sell to the Purchaser certain accounts receivable, in an aggregate outstanding amount of up to $30 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131023000087/0000851310-23-000087-index.htm

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