secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001193125-22-254394
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ScanSource enters $500M credit facility ($350M revolver + $150M term loan) expiring Sept 2027
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- New five-year facility replaces $350M revolver (Apr 2024 maturity) and $131.25M outstanding term loan.
- Accordion feature allows up to $750M total borrowing subject to additional lender commitments.
- Interest on SOFR loans: Adjusted Term SOFR + 0.10% plus margin of 1.00% to 1.75% based on leverage ratio.
- Financial covenants: max leverage ratio 3.50x, min interest coverage ratio 3.00x, secured by substantially all assets.
- JPMorgan is administrative agent; TD Bank and Wells Fargo are co-syndication agents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000119312522254394/0001193125-22-254394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000119312522254394/d375382d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-254394

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