---
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"
generated_at: "2026-06-14T22:05:31.611383+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Helios Technologies closes $150M term loan, expands revolver availability to ~$200M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-022617
- JSON: https://secwatch.observer/filing/0000950170-23-022617.json
- Plain text: https://secwatch.observer/filing/0000950170-23-022617.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $150.0 million
  - Counterparty: PNC Bank, National Association
  - Rate: SOFR (subject to a 0% floor) for the applicable interest period plus a 0.10% SOF
  - Maturity: October 28, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: PNC Bank, National Association, as administrative agent, and the various lenders party thereto
  - Value: $150.0 million
  - Effective: 2023-05-17
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm

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