secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001193125-22-297566
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions extends $50M Weichai shareholder loan to Nov 2023 at SOFR+4.65%
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- Amended and restated $50M loan from majority stockholder Weichai; maturity extended to Nov 30, 2023.
- Loan fully drawn, incurs interest at SOFR + 4.65% with a floor of 4.65% if SOFR negative.
- Loan subordinated to $130M Standard Chartered revolver, which is also fully borrowed as of Dec 2.
- Company also has $25M drawn under Second Shareholder's Loan and $4.8M under Fourth Shareholder's Loan.
- CEO Dino Xykis expressed appreciation for Weichai's continued support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522297566/0001193125-22-297566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522297566/d431204d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-297566

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