{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-001040","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2023-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.377417+00:00","generated_at":"2026-06-20T10:21:19.862202+00:00","sec_items":["1.01","1.02","2.03","8.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Nicholas Financial enters $50M Westlake credit facility, terminates $43M Wells Fargo debt, cuts workforce to 18","bullets":["New $50M senior secured revolving credit facility with Westlake Capital Finance; SOFR + margin, advance rate 70-85% of eligible receivables, two-year maturity.","Proceeds used to refinance and terminate existing $175M Wells Fargo line; outstanding balance of ~$43M repaid in full with no termination penalties.","Expected interest payments on new facility for quarter ending March 31, 2023: $0.7M to $0.9M.","Company continues restructuring: workforce reduced to 18 employees as of Jan 18, 2023; scaling down auto finance originations and no longer originating direct consumer loans.","Company expects restructuring to free up capital for potential acquisitions or investments outside traditional business; timeframe remains uncertain."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-001040","json":"https://secwatch.observer/filing/0000950170-23-001040.json","markdown":"https://secwatch.observer/filing/0000950170-23-001040.md","text":"https://secwatch.observer/filing/0000950170-23-001040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023001040/0000950170-23-001040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023001040/nick-20230118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:21:19.862202+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}