secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0000950170-23-022617
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/0000950170-23-022617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023022617/hlio-20230517.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022617

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