{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-162500","form_type":"8-K","ticker":"WMS","cik":"0001604028","company_name":"ADVANCED DRAINAGE SYSTEMS, INC.","filed_at":"2022-05-27T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.445653+00:00","generated_at":"2026-06-25T06:19:58.453541+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":"Advanced Drainage Systems increases revolving credit facility to $600M, extends maturity to May 2027","bullets":["Revolving facility raised from $350M to $600M; swing-line sub-limit increased from $50M to $60M.","Maturity extended to May 26, 2027; reference rate switched from LIBOR to SOFR.","Applicable margin revised: step-down to 175 bps (SOFR loans) if senior secured leverage <2.00x.","Incremental revolving commitment of $250M added; existing lenders assigned participations pro rata."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-162500","json":"https://secwatch.observer/filing/0001193125-22-162500.json","markdown":"https://secwatch.observer/filing/0001193125-22-162500.md","text":"https://secwatch.observer/filing/0001193125-22-162500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604028/000119312522162500/0001193125-22-162500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604028/000119312522162500/d334806d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T06:19:58.453541+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}