{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-010370","form_type":"8-K","ticker":null,"cik":"0001600438","company_name":"GMS Inc.","filed_at":"2024-02-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.763567+00:00","generated_at":"2026-06-06T09:10:26.211777+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"GMS subsidiary lowers term loan interest rate by 75 bps to SOFR+2.25% via Amendment No. 7","bullets":["Interest rate on term SOFR loans reduced from Term SOFR+3.00% to Term SOFR+2.25%.","Base rate loans reduced from Base Rate+2.00% to Base Rate+1.25%.","Amendment converts $396.4M of 2023 Refinancing Term Loans into 2024 Refinancing Term Loans.","New additional 2024 Refinancing Term Commitment of ~$102.3M from Wells Fargo brings total to $498.75M.","Proceeds used to repay non-converted 2023 Refinancing Term Loans; no novation occurred."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-010370","json":"https://secwatch.observer/filing/0001104659-24-010370.json","markdown":"https://secwatch.observer/filing/0001104659-24-010370.md","text":"https://secwatch.observer/filing/0001104659-24-010370.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600438/000110465924010370/0001104659-24-010370-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600438/000110465924010370/tm245033d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T09:10:26.211777+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d6d0c2ba97270414f81d9854c9d989d7f3f649c4","claim":"GMS Inc. amended credit facility with JPMorgan Chase Bank N.A. at Term SOFR plus 2.25% (reduced from Term SOFR plus 3.00%).","evidence_excerpt":"The disclosures of the material terms and conditions of the Term Loan Amendment contained in Item 1.01 above are hereby incorporated by reference into this Item 2.03.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600438/000110465924010370/0001104659-24-010370-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank N.A."},{"label":"Rate","value":"Term SOFR plus 2.25% (reduced from Term SOFR plus 3.00%)"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"540cc016ec9fff7e2f978258e983561de4af5035","claim":"GMS Inc. amended Term Loan Amendment with JPMorgan Chase Bank N.A. (effective 2024-02-02).","evidence_excerpt":"On February 2, 2024, GYP Holdings III Corp. (the “Company”), an indirect subsidiary of GMS Inc., entered into Amendment No. 7 (the “Term Loan Amendment”), by and among the Company, GYP Holdings II Corp., certain subsidiaries of the Company party thereto, the lenders party thereto, and JPMorgan Chase Bank N.A. , as the administrative agent and collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1600438/000110465924010370/0001104659-24-010370-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank N.A."},{"label":"Effective","value":"2024-02-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}