secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0001193125-22-172916
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm enters $500M revolving credit facility, extends maturity to 2027, adds ESG pricing adjustments
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- New $500M secured revolving credit facility ($25M increase from $475M prior facility) with $50M swing line and $15M L/C sublimits.
- Maturity extended from June 27, 2024 to June 10, 2027.
- Pricing tied to leverage: SOFR margin 1.125%-2.125%, base rate margin 0.125%-1.125%, commitment fee 0.175%-0.300%.
- ESG KPI adjustments: up to 0.05% on interest rate and 0.01% on commitment fee.
- Outstanding ~$35M principal and interest from prior facility continued as obligations under new agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000119312522172916/0001193125-22-172916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000119312522172916/d357209d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-172916

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