secwatch.observer — SEC 8-K summary
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Issuer:     BROADWIND, INC. (BWEN)
CIK:        0001120370
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001171843-22-005434
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadwind secures $42.6M Wells Fargo facilities, replacing prior credit
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- $35M revolver and $7.578M term loan from Wells Fargo, maturing August 2027.
- Facility replaces prior CIBC Bank USA credit agreement; used for corporate purposes.
- Borrowings bear Daily Simple SOFR plus 2.00%-2.50% margin (revolver) and 2.50% (term loan).
- Covenants include minimum EBITDA ramp from $0 (Jun 2022) to $5.1M (Jun 2023).
- Company can prepay without penalty; secured by assets and Abilene, TX facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322005434/0001171843-22-005434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120370/000117184322005434/f8k_080622.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-005434

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