{"schema_version":"secwatch.filing_event.v1","accession":"0001043509-22-000020","form_type":"8-K","ticker":"SAH","cik":"0001043509","company_name":"SONIC AUTOMOTIVE INC","filed_at":"2022-11-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.383893+00:00","generated_at":"2026-06-21T13:15:32.195720+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Sonic Automotive closes $320M term loan and extends Mortgage Facility to 2027","bullets":["Incurred $320M term loan under amended Mortgage Facility; used $77.6M to repay prior term loan.","New Delayed Draw Credit Facility up to $85.0M; $7.0M drawn on Nov 18, 2022.","Aggregate commitments increased to $500M; maturity extended to Nov 17, 2027.","Replaced LIBOR with Term SOFR; pricing grid adjusted based on leverage ratio.","Subsidiaries entered Amended and Restated Subsidiary Guaranty."],"urls":{"canonical":"https://secwatch.observer/filing/0001043509-22-000020","json":"https://secwatch.observer/filing/0001043509-22-000020.json","markdown":"https://secwatch.observer/filing/0001043509-22-000020.md","text":"https://secwatch.observer/filing/0001043509-22-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000020/0001043509-22-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000020/sah-20221117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:15:32.195720+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":"5ff790755afde9c1705458f8a06f6a931f13411c","claim":"SONIC AUTOMOTIVE INC amended Amendment with PNC Bank, National Association, as administrative agent, and the other financial institutions party thereto (effective 2022-11-17).","evidence_excerpt":"On November 17, 2022, Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Fourth Amendment to Credit Agreement and Lender Joinder (the “Amendment”) with PNC Bank, National Association (“PNC”), as administrative agent, and the other financial institutions party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1043509/000104350922000020/0001043509-22-000020-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PNC Bank, National Association, as administrative agent, and the other financial institutions party thereto"},{"label":"Effective","value":"2022-11-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}