secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K12B
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001104659-22-090642
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.01, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX completes holding company reorganization, becomes SPX Technologies; new $770M credit facility
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- Holding company reorganization effective Aug 15, 2022; SPX merged into SPX Technologies Inc. (SPXC), successor issuer.
- New $770M credit agreement: $245M term loan, $500M revolver, $25M foreign facility; matures Aug 12, 2027.
- SPXC common stock continues on NYSE under symbol SPXC with new CUSIP 78473E103.
- Board and executive officers remain identical; all equity awards converted to equivalent SPXC shares.
- Credit agreement requires Consolidated Leverage Ratio ≤ 3.75x and Interest Coverage Ratio ≥ 3.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000110465922090642/0001104659-22-090642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000110465922090642/tm2223002d1_8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-090642

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