secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001193125-21-326234
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 9.01, 5.01, 5.02, 5.03, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Perimeter Solutions closes SPAC merger with EverArc, issues $675M 5% notes
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- Business combination closed Nov 9, 2021; Perimeter Solutions begins trading on NYSE under PRM.
- Issued $675M 5.000% senior secured notes due 2029 to fund cash consideration and expenses.
- Entered $100M senior secured revolving credit facility maturing Nov 9, 2026 with LIBOR + 3.25% margin.
- PIPE raised $1.163B at $10/share from institutional investors, management, and directors.
- Assumed EverArc warrants ($12, 3yr); founder advisory with variable payouts up to $42M in year one.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000119312521326234/0001193125-21-326234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000119312521326234/d146760d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-326234

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