{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-153098","form_type":"8-K","ticker":"GRC","cik":"0000042682","company_name":"GORMAN RUPP CO","filed_at":"2024-06-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.616508+00:00","generated_at":"2026-06-01T06:58:04.499432+00:00","sec_items":["1.01","1.02","2.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Gorman-Rupp refinances debt; upsizes term loan to $370M, issues $30M notes, retires sub debt","bullets":["Upsized senior term loan to $370M, extended maturity to May 31, 2029 (from 2027).","Issued $30M of 6.40% senior secured notes due May 31, 2031.","Retired $90M unsecured subordinated facility (SOFR+9.10%) for ~$91.8M including $1.8M make-whole.","Expected annual interest expense reduction of ~$7M.","One-time charges: $1.8M prepayment fee, $1.3M transaction costs, $4.4M non-cash write-off."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-153098","json":"https://secwatch.observer/filing/0001193125-24-153098.json","markdown":"https://secwatch.observer/filing/0001193125-24-153098.md","text":"https://secwatch.observer/filing/0001193125-24-153098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/42682/000119312524153098/0001193125-24-153098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/42682/000119312524153098/d799601d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T06:58:04.499432+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}