{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-002577","form_type":"8-K","ticker":"OEC","cik":"0001609804","company_name":"Orion S.A.","filed_at":"2025-09-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.479993+00:00","generated_at":"2026-05-17T05:15:53.481845+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Orion adds €50M revolving facility, relaxes leverage covenant to 5.0x through 2026","bullets":["Obtained €50 million of incremental revolving commitments under existing credit facility.","First Lien Leverage Ratio covenant reset to 5.00:1.00 until 31 Dec 2026, then 4.50:1.00.","No other changes to loan terms or obligations under the credit agreement.","Amendment effective September 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-002577","json":"https://secwatch.observer/filing/0000950142-25-002577.json","markdown":"https://secwatch.observer/filing/0000950142-25-002577.md","text":"https://secwatch.observer/filing/0000950142-25-002577.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609804/000095014225002577/0000950142-25-002577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609804/000095014225002577/eh250685621_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:15:53.481845+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":"aa8e387aaa8f26dfd7186983d12cce89da29640b","claim":"Orion S.A. incurred revolving credit of €50,000,000 with Goldman Sachs Bank USA.","evidence_excerpt":"obtained €50,000,000 of incremental commitments under an Incremental Revolving Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609804/000095014225002577/0000950142-25-002577-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"€50,000,000"},{"label":"Counterparty","value":"Goldman Sachs Bank USA"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}