{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-067295","form_type":"8-K","ticker":"STRT","cik":"0000933034","company_name":"STRATTEC SECURITY CORP","filed_at":"2024-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.542103+00:00","generated_at":"2026-06-01T07:18:53.667445+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ADAC-Strattec (STRT sub) amends credit: revolver cut to $20M, rates up, maturity to 2026","bullets":["Revolving commitment reduced from $25M to $20M now, $18M from Aug 1, 2025; maturity extended to Aug 1, 2026.","SOFR loan margin increased from 1.25% to 3.00%; Base Rate margin from 0.00% to 2.00%.","Unused fee raised to 0.25% from 0.15%; minimum tangible net worth covenant increased to $45M.","STRATTEC continues to guarantee the credit facility under its existing corporate guarantee."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-067295","json":"https://secwatch.observer/filing/0000950170-24-067295.json","markdown":"https://secwatch.observer/filing/0000950170-24-067295.md","text":"https://secwatch.observer/filing/0000950170-24-067295.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933034/000095017024067295/0000950170-24-067295-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933034/000095017024067295/form_8-k_credit_am_10_20.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:18:53.667445+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"}