secwatch.observer — SEC 8-K summary
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Issuer:     OneWater Marine Inc. (ONEW)
CIK:        0001772921
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001140361-22-028843
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneWater Marine completes $124.4M acquisition of Ocean Bio-Chem; obtains $510M credit facility
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- Acquired Ocean Bio-Chem for approx. $124.4M in cash ($13.08/share), adding marine parts & accessories.
- Also acquired Star Brite Europe from OBCI's CEO for $7M and related real property; both were conditions to the main deal.
- Funded with cash on hand and a new $510M credit facility ($445M term loan + $65M revolver, due 2027).
- The A&R Credit Facility includes $125M accordion and interest rates of SOFR + 1.75-2.75% based on leverage.
- OneWater expects to expand market share and drive margin expansion in the marine parts and accessories business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772921/000114036122028843/0001140361-22-028843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772921/000114036122028843/brhc10040519_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-028843

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