{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-017862","form_type":"8-K","ticker":"PHIN","cik":"0001968915","company_name":"PHINIA INC.","filed_at":"2024-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.335243+00:00","generated_at":"2026-06-04T02:32:45.320244+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PHINIA issues $525M 6.75% senior secured notes due 2029, amends credit facility","bullets":["Issued $525M 6.75% Senior Secured Notes due 2029 (increased from $425M); proceeds to repay term loan B and revolver.","Interest payable semi-annually on April 15 and October 15, starting Oct 15, 2024; notes mature April 15, 2029.","Credit agreement amendment: total net leverage ratio covenant loosened from 3.00x to 3.25x (step-up to 3.75x for acquisitions).","Mandatory prepayment based on operating cash flow removed under amended credit facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-017862","json":"https://secwatch.observer/filing/0001140361-24-017862.json","markdown":"https://secwatch.observer/filing/0001140361-24-017862.md","text":"https://secwatch.observer/filing/0001140361-24-017862.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/0001140361-24-017862-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/ef20025760_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T02:32:45.320244+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":"33b27e2948715c23589c1a74abfbb2bb788a5ab8","claim":"PHINIA INC. incurred senior notes of $525 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.75% per annum maturing April 15, 2029.","evidence_excerpt":"On April 4, 2024, PHINIA Inc. (the “Company”) issued $525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/0001140361-24-017862-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$525 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.75% per annum"},{"label":"Maturity","value":"April 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9b0e12f2da73439dd055df4c867933ed4a6eb575","claim":"PHINIA INC. amended credit facility.","evidence_excerpt":"On April 4, 2024, the Company, as borrower, and certain subsidiaries of the Company, each acting as guarantors, entered into the Amendment No. 1 to Credit Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/0001140361-24-017862-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"a7bc4a768d53d9338fc2ec5e446ea4d1057e3ac8","claim":"PHINIA INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029 (effective 2024-04-04).","evidence_excerpt":"On April 4, 2024, PHINIA Inc. (the “Company”) issued $525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029 (the “notes”) pursuant to an indenture (the “Indenture”) among the Company, as issuer, certain subsidiaries of the Company named as guarantors, and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”) and as collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/0001140361-24-017862-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029"},{"label":"Effective","value":"2024-04-04"}],"fact_type":"material_agreement"},{"claim_id":"d743e73c90dafd60ede4aa216433218169ff984b","claim":"PHINIA INC. amended Amendment No. 1 to Credit Agreement (effective 2024-04-04).","evidence_excerpt":"On April 4, 2024, the Company, as borrower, and certain subsidiaries of the Company, each acting as guarantors, entered into the Amendment No. 1 to Credit Agreement (the “Credit Agreement Amendment”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1968915/000114036124017862/0001140361-24-017862-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2024-04-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}