secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001193125-24-264686
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SkyWater extends credit facility maturity to 2028, boosts revolver to $130M
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- Maturity of revolving loan facility extended from Dec 2025 to Dec 31, 2028.
- Maximum revolving facility increased from $100M to $130M; $30M incremental facility remains available.
- Equipment advance rate set at 50% with $60M sublimit, no monthly reduction.
- Revised EBITDA definition allows add-backs up to 17.5% of EBITDA (or higher with lender consent).
- Tier III applicable margin set at 4.25% for Term SOFR, 3.25% base rate from effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000119312524264686/0001193125-24-264686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000119312524264686/d866116d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-264686

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer