secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080563
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions extends $130M credit facility and $30M shareholder loan to 2025
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- Fourth Amended Credit Agreement extends maturity to March 21, 2025 or demand; $50M outstanding, no scheduled principal payments.
- $30M shareholder loan from Weichai America Corp. extended to March 31, 2025; $19.8M drawn as of March 22.
- Two other Weichai loans ($25M due May 20, 2024; $50M due Nov 30, 2024) remain fully drawn; company intends to negotiate extensions.
- Borrowings bear interest at SOFR + 3.45% (credit facility) and SOFR + 4.05% (shareholder loan); covenants include minimum EBITDA and interest coverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524080563/0001193125-24-080563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524080563/d811155d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080563

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