---
schema_version: "secwatch.filing_event.v1"
accession: "0001006837-25-000050"
form_type: "8-K"
ticker: "VATE"
cik: "0001006837"
company_name: "INNOVATE Corp."
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T22:00:35.295134+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# DBM Global enters $220M credit facility to refinance debt, provide working capital

## Summary
- $85M term loan + $135M revolver (total $220M) from syndicate led by UMB Bank, N.A.
- Facility matures May 20, 2030; accordion allows up to $50M additional capacity.
- Proceeds used to fully repay existing debt and provide additional working capital.
- CEO Rustin Roach and interim CEO Paul Voigt highlight liquidity to support growth.

## SEC filing metadata
- accession: 0001006837-25-000050
- form_type: 8-K
- ticker: VATE
- cik: 0001006837
- company_name: INNOVATE Corp.
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006837/000100683725000050/0001006837-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006837/000100683725000050/hchc-20250520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001006837-25-000050
- JSON: https://secwatch.observer/filing/0001006837-25-000050.json
- Plain text: https://secwatch.observer/filing/0001006837-25-000050.txt

## Key facts
- Debt Financings
  INNOVATE Corp. incurred credit facility of up to $220.0 million in the aggregate with UMB BANK, n.a. as Administrative Agent and the lenders at Term SOFR Rate plus 3.00% maturing May 20, 2030.
  - Instrument: credit facility
  - Principal: up to $220.0 million in the aggregate
  - Counterparty: UMB BANK, n.a. as Administrative Agent and the lenders
  - Rate: Term SOFR Rate plus 3.00%
  - Maturity: May 20, 2030
  - Event: incurrence
  source text: The Credit Agreement provides DBMG with senior secured debt financing in an amount up to $220.0 million in the aggregate, consisting of (i) a senior secured revolving credit facility (the “Revolving Facility”) in an aggregate principal amount of $135.0 million and (ii) a senior secured term loan facility (the “Term Loan Facility”, and together with the Revolving Facility, collectively, the “Credit Facility”) in the amount of $85.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006837/000100683725000050/0001006837-25-000050-index.htm

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