secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001193125-23-083872
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions International extends $130M credit facility and shareholder loans to 2024
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- Amended $130M uncommitted senior secured revolver with Standard Chartered; maturity extended to March 22, 2024 or on demand.
- Two Weichai shareholder loans extended: $130M subordinated (to April 2024) and $30M subordinated (to March 2024); interest at SOFR+4.05%.
- As of March 24, 2023, $4.8M drawn under the $30M Weichai loan; no borrowings under the $130M subordinated loan.
- Two other fully-drawn Weichai loans ($25M due May 2023, $50M due Nov 2023) expected to be extended.
- Credit facility fully drawn; covenants include minimum EBITDA and interest coverage for Q2 and Q3 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523083872/0001193125-23-083872-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523083872/d482026d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-083872

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