{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-002428","form_type":"8-K","ticker":null,"cik":"0002066659","company_name":"Beach Acquisition Co Parent, LLC","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.936310+00:00","generated_at":"2026-05-17T06:47:40.601528+00:00","sec_items":["1.01","2.01","9.01","2.03","5.02","5.03","8.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"3G Capital closes $63/57+unit acquisition of Skechers; SKX delisted from NYSE","bullets":["Skechers shareholders received $63 cash per share or $57 cash plus one Parent Unit.","Acquisition financed with $3.005B term loans, $1.6B revolver, €1B 5.25% senior secured notes due 2032, and $2.2B 10%/10.75% PIK notes due 2033.","Skechers stock ceases trading on NYSE (SKX) as of September 12, 2025.","Robert Greenberg remains CEO; Michael Greenberg as President; new board includes Alexandre Behring and Daniel S. Schwartz.","Legacy holders receive Parent Units with transfer restrictions, tag-along/drag-along rights, and ability to request IPO or sale after five years."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-002428","json":"https://secwatch.observer/filing/0000950142-25-002428.json","markdown":"https://secwatch.observer/filing/0000950142-25-002428.md","text":"https://secwatch.observer/filing/0000950142-25-002428.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/eh250676432_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:47:40.601528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"31324f9a36cecdc164ed8a0ba3524b83de8cb03d","claim":"Beach Acquisition Co Parent, LLC incurred revolving credit of $1,600.0 million first lien cash flow revolving facility with JPMorgan Chase Bank, N.A..","evidence_excerpt":"$1,600.0 million first lien cash flow revolving facility (the “Revolving Credit Facility”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1,600.0 million first lien cash flow revolving facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"316a39fc3a1420f8923b3b42159ef28aa75be9be","claim":"Beach Acquisition Co Parent, LLC incurred credit facility of $1,555.0 million USD first lien term loan facility and €1,250.0 million Euro first lien term loan facility, for an aggre with JPMorgan Chase Bank, N.A..","evidence_excerpt":"$1,555.0 million USD first lien term loan facility and €1,250.0 million Euro first lien term loan facility, for an aggregate USD equivalent of $3,005.0 million (together, the “Term Loan Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,555.0 million USD first lien term loan facility and €1,250.0 million Euro first lien term loan facility, for an aggre"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"93714e90cb4a3b6cbc527b4310f22a5ca93536e8","claim":"Beach Acquisition Co Parent, LLC incurred senior notes of $2.2 billion in aggregate principal amount of 10.000% / 10.750% Senior PIK Toggle Notes due 2033 with JPMorgan Chase Bank, N.A. at 10.000% / 10.750% maturing due 2033.","evidence_excerpt":"$2.2 billion in aggregate principal amount of 10.000% / 10.750% Senior PIK Toggle Notes due 2033 (the “Senior PIK Notes”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$2.2 billion in aggregate principal amount of 10.000% / 10.750% Senior PIK Toggle Notes due 2033"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"10.000% / 10.750%"},{"label":"Maturity","value":"due 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d005a922e18abd54a420398dc5740da7391aab6d","claim":"Beach Acquisition Co Parent, LLC incurred senior notes of €1.0 billion in aggregate principal amount of 5.250% Senior Secured Notes due 2032 with JPMorgan Chase Bank, N.A. at 5.250% maturing due 2032.","evidence_excerpt":"€1.0 billion in aggregate principal amount of 5.250% Senior Secured Notes due 2032 (the “Senior Secured Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"€1.0 billion in aggregate principal amount of 5.250% Senior Secured Notes due 2032"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"5.250%"},{"label":"Maturity","value":"due 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3946f0fc7a92195f794d306a487933e9464c9464","claim":"Beach Acquisition Co Parent, LLC: Amended and restated limited liability company agreement effective as of closing to provide for new equity rights and restrictions for Parent Units and Legacy Holders.","evidence_excerpt":"As of the closing, the Company amended and restated its limited liability company agreement, which is filed as Exhibit 10.1 hereto and incorporated by reference herein, to provide for, among other things, the issuance of the Parent Units to the holders of Skechers Common Stock that validly elected to receive the Mixed Election Consideration (subject to proration as set forth in the Merger Agreement) (collectively, the “Legacy Holders”), and 3G Fund VI, L.P., a Cayman Islands exempted limited partnership (“Fund VI”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"9fc663c7321f984dc895a06669e87cd31eca42f2","claim":"Beach Acquisition Co Parent, LLC completed an acquisition involving Skechers U.S.A., Inc. (closed 2025-09-12).","evidence_excerpt":"On September 12, 2025, the registrant, Beach Acquisition Co Parent, LLC, a Delaware limited liability company (the “Company,” “we,” “us,” or “our”), acquired Skechers U.S.A., Inc., a Delaware corporation (“Skechers”), pursuant to that certain Agreement and Plan of Merger, dated as of May 4, 2025","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/2066659/000095014225002428/0000950142-25-002428-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Skechers U.S.A., Inc."},{"label":"Closing","value":"2025-09-12"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}