---
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"
generated_at: "2026-05-17T05:15:53.481845+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Orion adds €50M revolving facility, relaxes leverage covenant to 5.0x through 2026

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-002577
- JSON: https://secwatch.observer/filing/0000950142-25-002577.json
- Plain text: https://secwatch.observer/filing/0000950142-25-002577.txt

## Key facts
- Debt Financings
  Orion S.A. incurred revolving credit of €50,000,000 with Goldman Sachs Bank USA.
  - Instrument: revolving credit
  - Principal: €50,000,000
  - Counterparty: Goldman Sachs Bank USA
  - Event: incurrence
  source text: obtained €50,000,000 of incremental commitments under an Incremental Revolving Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609804/000095014225002577/0000950142-25-002577-index.htm

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