secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001043337-23-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stoneridge enters $275M senior secured revolving credit facility, matures Nov 2026
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- New $275M facility replaces prior credit facility that was due to mature in June 2024.
- Facility matures November 2, 2026; includes accordion feature to increase availability by up to $150M.
- Covenants similar to prior facility: maximum leverage ratio and minimum interest coverage ratio.
- Six-bank syndicate led by PNC Capital Markets, BofA Securities, and JPMorgan Chase as joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/0001043337-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000061/sri-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001043337-23-000061

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