{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-022617","form_type":"8-K","ticker":"HLIO","cik":"0001024795","company_name":"HELIOS TECHNOLOGIES, INC.","filed_at":"2023-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.646182+00:00","generated_at":"2026-06-14T22:05:31.611383+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Helios Technologies closes $150M term loan, expands revolver availability to ~$200M","bullets":["Incurred $150M senior secured Term Loan A-2 at 100% issue price via existing Accordion facility.","Term Loan A-2 matures Oct 28, 2025; interest based on SOFR + 0.10% + margin 1.50%-2.75%.","Proceeds used to repay revolver borrowings; revolver availability increased to ~$200M.","Loan is leverage neutral, secured on pari passu basis, guaranteed by domestic subsidiaries.","CEO cites strong bank syndicate support and financial flexibility for growth strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-022617","json":"https://secwatch.observer/filing/0000950170-23-022617.json","markdown":"https://secwatch.observer/filing/0000950170-23-022617.md","text":"https://secwatch.observer/filing/0000950170-23-022617.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/hlio-20230517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T22:05:31.611383+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":"09ce20a8e5b6ded7d2ed9435b94814a341bb3ccf","claim":"HELIOS TECHNOLOGIES, INC. incurred term loan of $150.0 million with PNC Bank, National Association at SOFR (subject to a 0% floor) for the applicable interest period plus a 0.10% SOF maturing October 28, 2025.","evidence_excerpt":"the Company incurred a new senior secured term loan A-2 (the \"Term Loan A-2\") in an aggregate principal amount of $150.0 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$150.0 million"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"SOFR (subject to a 0% floor) for the applicable interest period plus a 0.10% SOF"},{"label":"Maturity","value":"October 28, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4cecbe8539fb819ec8ec88fa2c5189b599cdffb0","claim":"HELIOS TECHNOLOGIES, INC. amended Incremental Facility Amendment with PNC Bank, National Association, as administrative agent, and the various lenders party thereto valued at $150.0 million (effective 2023-05-17).","evidence_excerpt":"On May 17, 2023, Helios Technologies, Inc., a Florida corporation (“Helios” or the “Company”), and certain of its guarantor subsidiaries entered into an Incremental Facility Amendment with PNC Bank, National Association (“PNC Bank”), as administrative agent, and the various lenders party thereto (the “Incremental Facility Amendment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as administrative agent, and the various lenders party thereto"},{"label":"Value","value":"$150.0 million"},{"label":"Effective","value":"2023-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}