{"schema_version":"secwatch.filing_event.v1","accession":"0001043509-24-000033","form_type":"8-K","ticker":"SAH","cik":"0001043509","company_name":"SONIC AUTOMOTIVE INC","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.207265+00:00","generated_at":"2026-06-04T06:55:57.755052+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 amends credit facility, removes liquidity covenant, permits share exchange transactions","bullets":["Fifth Amendment to Mortgage Facility executed March 22, 2024 with PNC Bank and other lenders.","Removes requirement to maintain a specified consolidated liquidity ratio.","Permits certain share exchange transactions as allowed restricted payments and dispositions.","Total facility size unchanged: $500M ($95M revolver, $405M term loan as of Nov 2022).","Certain lenders under the facility have other lending relationships with Sonic."],"urls":{"canonical":"https://secwatch.observer/filing/0001043509-24-000033","json":"https://secwatch.observer/filing/0001043509-24-000033.json","markdown":"https://secwatch.observer/filing/0001043509-24-000033.md","text":"https://secwatch.observer/filing/0001043509-24-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1043509/000104350924000033/0001043509-24-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1043509/000104350924000033/sah-20240322.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:55:57.755052+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":"7899de2edfdcf8e8283fc3a00a012c756ab8d2ed","claim":"SONIC AUTOMOTIVE INC amended Fifth Amendment to Credit Agreement with PNC Bank, National Association (effective 2024-03-22).","evidence_excerpt":"On March 22, 2024, Sonic Automotive, Inc. (the “Company”) and certain of its subsidiaries entered into the Fifth Amendment to Credit Agreement (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/1043509/000104350924000033/0001043509-24-000033-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"},{"label":"Effective","value":"2024-03-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}