secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001193125-23-289287
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions Int’l amends and restates $50M shareholder loan, maturity extended to Nov 2024
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- Third Shareholder’s Loan Agreement fully drawn; maturity extended from prior date to November 30, 2024.
- Loan subordinated to PSI’s existing $130M revolver; $65M of revolver borrowed as of Dec 5, 2023.
- Interest rate: SOFR + 4.05% per annum, with floor of 4.05% if SOFR negative.
- If interest rate lower than Weichai’s borrowing cost, rate equals Weichai’s cost plus 1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523289287/0001193125-23-289287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523289287/d634577d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-289287

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