---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-026118"
form_type: "8-K"
ticker: "SWIM"
cik: "0001833197"
company_name: "Latham Group, Inc."
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:37:29.612392+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Latham Group enters $400M credit facility (revolver $75M, term loan $325M) to refinance existing debt

## Summary
- Revolving credit facility $75M; term loan facility $325M; proceeds used to repay prior credit agreement.
- Revolver matures Feb 2027; term loan matures Feb 2029; SOFR+3.50% margin on revolver, SOFR+3.75-4.00% on term loan.
- Commitment fee on unused revolver ranges from 0.25% to 0.50% depending on leverage ratio.
- Facility guaranteed by Latham International Manufacturing and domestic subsidiaries; secured by substantially all assets.
- Covenants include maximum First Lien Net Leverage Ratio of 5.50:1.00 when revolver usage exceeds 40%.

## SEC filing metadata
- accession: 0001104659-22-026118
- form_type: 8-K
- ticker: SWIM
- cik: 0001833197
- company_name: Latham Group, Inc.
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833197/000110465922026118/0001104659-22-026118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833197/000110465922026118/tm227460d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-026118
- JSON: https://secwatch.observer/filing/0001104659-22-026118.json
- Plain text: https://secwatch.observer/filing/0001104659-22-026118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.