secwatch.observer — SEC 8-K summary
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Issuer:     HUDSON TECHNOLOGIES INC /NY (HDSN)
CIK:        0000925528
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001104659-22-029762
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 1.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hudson Technologies enters $85M term loan, increases ABL to $90M; two directors resign
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- New $85M term loan from TCW Asset Management; prior $63.9M term loan repaid with $3.3M fees
- ABL facility amended to $90M total: $15M FILO tranche (TCW) plus $75M revolving (Wells Fargo)
- Effective interest rate on new term loan ~3% lower than prior facility; excess availability >$50M
- Directors Jill K. Frizzley and Richard D. Caruso resigned upon closing of new term loan
- Bylaws amended to eliminate special director provisions added under prior term loan

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/925528/000110465922029762/0001104659-22-029762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/925528/000110465922029762/tm228197d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-029762

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