---
schema_version: "secwatch.filing_event.v1"
accession: "0000851310-23-000113"
form_type: "8-K"
ticker: "HLIT"
cik: "0000851310"
company_name: "HARMONIC INC."
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:36:56.424113+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Harmonic enters $160M credit facility with Citibank to refinance debt; term loan for convertible note repurchase

## Summary
- New secured credit agreement provides $120M revolving facility and $40M delayed term loan, maturing December 2028.
- Term loan proceeds must be used to repurchase Harmonic's 2.00% Convertible Senior Notes due 2024.
- No loans outstanding at closing; approximately $180,000 of letters of credit issued under the facility.
- The facility refinances and replaces existing credit agreement with JPMorgan Chase dated December 2019.
- Interest rates: SOFR+2.00%-2.75% or base rate+1.00%-1.75%, with margins based on net leverage ratio.

## SEC filing metadata
- accession: 0000851310-23-000113
- form_type: 8-K
- ticker: HLIT
- cik: 0000851310
- company_name: HARMONIC INC.
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/851310/000085131023000113/0000851310-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/851310/000085131023000113/hlit-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000851310-23-000113
- JSON: https://secwatch.observer/filing/0000851310-23-000113.json
- Plain text: https://secwatch.observer/filing/0000851310-23-000113.txt

## Key facts
- Debt Financings
  HARMONIC INC. incurred credit facility of up to $120.0 million with Citibank, N.A., as administrative agent maturing December 21, 2028.
  - Instrument: credit facility
  - Principal: up to $120.0 million
  - Counterparty: Citibank, N.A., as administrative agent
  - Maturity: December 21, 2028
  - Event: incurrence
  source text: On December 21, 2023, Harmonic Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, certain subsidiaries of the Company from time to time party thereto, the lenders from time to time party thereto, and Citibank, N.A., as administrative agent. The Credit Agreement provides for a secured revolving loan facility in an aggregate principal amount of up to $120.0 million (the “Revolving Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131023000113/0000851310-23-000113-index.htm
- Debt Financings
  HARMONIC INC. incurred term loan of up to $40.0 million maturing December 21, 2028.
  - Instrument: term loan
  - Principal: up to $40.0 million
  - Maturity: December 21, 2028
  - Event: incurrence
  source text: and a secured delayed term loan facility in an aggregate principal amount of up to $40.0 million (the “Term Facility”). The Credit Agreement refinances and replaces the Company’s existing credit agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131023000113/0000851310-23-000113-index.htm
- Material Agreements
  HARMONIC INC. entered into Credit Agreement with Citibank, N.A., as administrative agent valued at $120.0 million (effective 2023-12-21).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as administrative agent
  - Value: $120.0 million
  - Effective: 2023-12-21
  source text: On December 21, 2023, Harmonic Inc. (the "Company") entered into a Credit Agreement (the "Credit Agreement"), by and among the Company, certain subsidiaries of the Company from time to time party thereto, the lenders from time to time party thereto, and Citibank, N.A., as administrative agent. The Credit Agreement provides for a secured revolving loan facility in an aggregate principal amount of up to $120.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/851310/000085131023000113/0000851310-23-000113-index.htm

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