secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0000950170-25-099643
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Champion Homes enters $200M credit facility, extends maturity to July 2030
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- Second Amended and Restated Credit Agreement provides $200M revolving facility with $45M sub-limit for letters of credit.
- Maturity extended from July 2026 to July 2030; optional $100M accordion feature available.
- Interest rate based on Term SOFR plus 1.125% initially, adjusts with leverage ratio (1.125% to 1.875% spread).
- Covenants include max total net leverage of 3.25x (3.75x after material acquisition) and min interest coverage of 3.00x.
- Unused commitment fee starts at 0.15% and ranges up to 0.30% based on leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017025099643/0000950170-25-099643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017025099643/sky-20250728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-099643

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer