{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-022544","form_type":"8-K","ticker":"STKL","cik":"0000351834","company_name":"SunOpta Inc.","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.655204+00:00","generated_at":"2026-06-07T13:09:11.100499+00:00","sec_items":["1.01","1.02","2.03","7.01","5.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SunOpta enters new $265M credit facilities, repays existing debt","bullets":["New $180M term loan and $85M revolver, with $210M drawn at closing, used to fully repay 2020 credit facility and capital leases.","Five-year term; initial margin 1.75% on base rate borrowings and 2.75% on SOFR/alternative currency borrowings.","Covenants include minimum fixed charge coverage of 1.20x and maximum total net leverage stepping down from 4.00x to 3.50x by Dec 2025.","Facilities oversubscribed; Bank of America acts as administrative agent; CFO cites improved flexibility and stronger balance sheet."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-022544","json":"https://secwatch.observer/filing/0001062993-23-022544.json","markdown":"https://secwatch.observer/filing/0001062993-23-022544.md","text":"https://secwatch.observer/filing/0001062993-23-022544.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/351834/000106299323022544/0001062993-23-022544-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/351834/000106299323022544/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:09:11.100499+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":"307a868cf6c58a079b5777e58272ed532d21e44a","claim":"SunOpta Inc. incurred credit facility of $180.0 million term loan credit facility at initial margin ... 1.75% with respect to base rate borrowings and 2.75% with res.","evidence_excerpt":"On December 8, 2023 (the \"Closing Date\"), SunOpta Inc. (the \"Company\" or the \"Borrower\") and certain other subsidiaries of the Company entered into (x) a new $180.0 million term loan credit facility (the \"New Term Loan Credit Facility\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/351834/000106299323022544/0001062993-23-022544-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$180.0 million term loan credit facility"},{"label":"Rate","value":"initial margin ... 1.75% with respect to base rate borrowings and 2.75% with res"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3f6991f9821f8d9aa5f4289289c285c72cbaa996","claim":"SunOpta Inc. incurred revolving credit of $85.0 million revolving credit facility at initial margin ... 1.75% with respect to base rate borrowings and 2.75% with res.","evidence_excerpt":"the \"Borrower\") and certain other subsidiaries of the Company entered into (x) a new $180.0 million term loan credit facility (the \"New Term Loan Credit Facility\") and (y) a new $85.0 million revolving credit facility (the \"New Revolving Credit Facility\" and, together with the New Term Loan Credit Facility, the \"New Credit Facilities\"). The New Credit Facilities","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/351834/000106299323022544/0001062993-23-022544-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$85.0 million revolving credit facility"},{"label":"Rate","value":"initial margin ... 1.75% with respect to base rate borrowings and 2.75% with res"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2280dfdc8dc632300efa6a1c77bfa3932dfd8b40","claim":"SunOpta Inc. entered into New Credit Facilities with lenders under the New Credit Facilities valued at $180.0 million term loan credit facility and $85.0 million revolving credit facility (effective 2023-12-08).","evidence_excerpt":"On December 8, 2023 (the \"Closing Date\"), SunOpta Inc. (the \"Company\" or the \"Borrower\") and certain other subsidiaries of the Company entered into (x) a new $180.0 million term loan credit facility (the \"New Term Loan Credit Facility\") and (y) a new $85.0 million revolving credit facility (the \"New Revolving Credit Facility\" and, together with the New Term Loan Credit Facility, the \"New Credit Facilities\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/351834/000106299323022544/0001062993-23-022544-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"lenders under the New Credit Facilities"},{"label":"Value","value":"$180.0 million term loan credit facility and $85.0 million revolving credit facility"},{"label":"Effective","value":"2023-12-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}