{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-051611","form_type":"8-K","ticker":"KRMN","cik":"0002040127","company_name":"Karman Holdings Inc.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.762980+00:00","generated_at":"2026-05-23T20:25:43.672988+00:00","sec_items":["1.01","1.02","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Karman acquires MTI for $90M cash, refinances $350M credit facilities at lower cost","bullets":["Acquired MTI (Metal Technology Inc.) for $90M cash; MTI supplies refractory alloy systems for missile programs.","New $300M Term Loan B (SOFR+3.50%, matures 2032) and $50M revolver (SOFR+2.75-3.25%, matures 2030).","Refinancing saves >$8M annually in interest expense; extends maturities vs. prior debt.","MTI's proprietary manufacturing (additive, hot forging) is accretive to revenue and EBITDA immediately."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-051611","json":"https://secwatch.observer/filing/0000950170-25-051611.json","markdown":"https://secwatch.observer/filing/0000950170-25-051611.md","text":"https://secwatch.observer/filing/0000950170-25-051611.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/ck0002040127-20250401.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T20:25:43.672988+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":"07ce2a931492747bb3f9977b4beba757ab5c5f91","claim":"Karman Holdings Inc. incurred credit facility of $50,000,000 with Citibank, N.A. maturing April 1, 2030.","evidence_excerpt":"and TCW Asset Management Company LLC, as the administrative agent thereunder. The New Credit Agreement provides for (i) a revolving credit facility in the principal amount of $50,000,000 (the “Revolving Credit Facility”) and (ii) a term loan facility in the principal amount of $300,000,000 (the “Term Loan Facility” and, together with the Revolving Credit Facility,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$50,000,000"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Maturity","value":"April 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e7180968aa0ad11d4bdf25e227d705bff43cf586","claim":"Karman Holdings Inc. incurred credit facility of $300,000,000 with Citibank, N.A. maturing April 1, 2032.","evidence_excerpt":"a term loan facility in the principal amount of $300,000,000 (the “Term Loan Facility” and, together with the Revolving Credit Facility, the “Senior Credit Facility”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2040127/000095017025051611/0000950170-25-051611-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$300,000,000"},{"label":"Counterparty","value":"Citibank, N.A."},{"label":"Maturity","value":"April 1, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}