secwatch.observer — SEC 8-K summary
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Issuer:     TILE SHOP HOLDINGS, INC. (TTSH)
CIK:        0001552800
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001104659-22-104593
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tile Shop enters $75M revolving credit facility with JPMorgan, replaces prior facility
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- New $75M senior secured revolving credit facility, matures Sept 30, 2027; may be increased by $50M.
- Borrowings bear interest at SOFR plus 1.25%-1.75% (or base rate plus 0.25%-0.75%) based on leverage.
- Facility refinances all existing debt under the 2018 Bank of America credit facility.
- Proceeds used for refinancing, inventory, store maintenance, and general corporate purposes.
- Loan parties guarantee obligations and grant first-priority security interest in assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922104593/0001104659-22-104593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1552800/000110465922104593/tm2227017d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104593

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