secwatch.observer — SEC 8-K summary
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Issuer:     Emerald Holding, Inc. (EEX)
CIK:        0001579214
Form:       8-K
Filed at:   2022-12-22T23:59:59+00:00
Accession:  0000950170-22-026946
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Emerald X extends $100M revolver to 2026, prepays $100M term loans
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- Extended $100.375M revolver maturity to May 23, 2026; terminated remaining $9.625M revolver commitments.
- Transitioned from LIBOR to Term SOFR interest benchmark; interest rate margins unchanged (2.25% for SOFR loans).
- Removed cash cap condition on revolving borrowings and prior dividend restriction; added leverage ratio test (≤4.00x) for dividends.
- Voluntarily prepaid $100M of term loans on Dec 28, 2022, leaving ~$415M term debt outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579214/000095017022026946/0000950170-22-026946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579214/000095017022026946/eex-20221221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026946

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