{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-25-002749","form_type":"8-K","ticker":"XFLT","cik":"0001703079","company_name":"XAI Octagon Floating Rate & Alternative Income Trust","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.502517+00:00","generated_at":"2026-05-24T05:01:07.491885+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"XFLT enters new $300M credit facility with BNP Paribas, replacing Société Générale facility","bullets":["New $300M senior secured revolving credit facility with BNP Paribas; matures March 19, 2027; SOFR + 1.48% margin; commitment fee 0.55% on unused when draw below 75%.","$237 million borrowed at closing to fully repay and terminate existing Société Générale credit facility.","Post-closing leverage (borrowings plus preferred shares) equals 39.73% of Managed Assets.","Customary affirmative and negative covenants apply, including limitations on indebtedness, liens, mergers, dividends, and investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-25-002749","json":"https://secwatch.observer/filing/0001013762-25-002749.json","markdown":"https://secwatch.observer/filing/0001013762-25-002749.md","text":"https://secwatch.observer/filing/0001013762-25-002749.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1703079/000101376225002749/0001013762-25-002749-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1703079/000101376225002749/ea0235689-01_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:01:07.491885+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"}