secwatch.observer — SEC 8-K summary
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Issuer:     SPX Technologies, Inc. (SPXC)
CIK:        0000088205
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086426
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPX Technologies secures $300M incremental term loan facility; discloses ASPEQ merger agreement
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- SPX Enterprises (SPXC sub) added a $300M incremental term loan from 8 lenders; matures August 12, 2027.
- Pricing grid based on leverage: Term SOFR +1.500%-1.875%, plus commitment fee of 0.225%-0.275%.
- Quarterly amortization starts Dec 2023 at 0.625% of initial principal, increasing to 1.250% from Dec 2024.
- Merger agreement to acquire ASPEQ Parent Holdings signed April 28, 2023; no deal value disclosed in filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88205/000110465923086426/0001104659-23-086426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88205/000110465923086426/tm2321538d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086426

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