secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001193125-24-143968
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

PSI extends $25M shareholder loan with Weichai to May 2025
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- Extended $25M shareholder loan maturity to May 20, 2025; loan fully drawn.
- Interest at SOFR + 4.05% per annum; floor of 4.05% if SOFR negative.
- Subordinated to existing $50M revolver (Standard Chartered, $40M drawn as of May 20, 2024).
- Other Weichai loans outstanding: $50M (Nov 2023) and $19.8M (Mar 2024) under separate agreements.
- Total outstanding related-party debt to Weichai approx. $94.8M plus $40M revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524143968/0001193125-24-143968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524143968/d775899d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-143968

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