{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-055644","form_type":"8-K","ticker":"LCII","cik":"0000763744","company_name":"LCI INDUSTRIES","filed_at":"2025-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.297389+00:00","generated_at":"2026-05-24T17:06:20.093906+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"LCI Industries issues $460M 3.00% convertible notes due 2030; repurchases $368M of 2026 notes and 0.3M shares","bullets":["Priced $400M (upsized to $460M via option) of 3.00% convertible senior notes maturing March 1, 2030; initial conversion price $116.62/share (27.5% premium over $91.47 close).","Net proceeds ~$447M used to repurchase $368M of existing 1.125% notes due 2026 for ~$370.3M and 0.3M shares for ~$28.3M.","Entered convertible note hedge and warrant transactions (strike prices $116.62 and $182.94) costing ~$34.8M net after warrant proceeds.","Concurrently terminated portions of existing hedge/warrant transactions related to repurchased 2026 notes, receiving ~$1.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-055644","json":"https://secwatch.observer/filing/0001193125-25-055644.json","markdown":"https://secwatch.observer/filing/0001193125-25-055644.md","text":"https://secwatch.observer/filing/0001193125-25-055644.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/0001193125-25-055644-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/d939903d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T17:06:20.093906+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":[{"claim_id":"58903e473aee3176b61313317f47351d994ede9e","claim":"LCI INDUSTRIES incurred convertible notes of $460.0 million in aggregate principal amount with Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers; U.S. Bank Trust Company, National Association, as trustee at 3.00% per annum, payable semi-annually maturing March 1, 2030.","evidence_excerpt":"the Initial Purchasers notified the Company of their election to purchase an additional $60.0 million in aggregate principal amount of Notes pursuant to the Option. A total of $460.0 million in aggregate principal amount of Notes was issued by the Company to the Initial Purchasers on March 14, 2025. The Purchase Agreement includes customary representations,","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/763744/000119312525055644/0001193125-25-055644-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$460.0 million in aggregate principal amount"},{"label":"Counterparty","value":"Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC as representatives of the initial purchasers; U.S. Bank Trust Company, National Association, as trustee"},{"label":"Rate","value":"3.00% per annum, payable semi-annually"},{"label":"Maturity","value":"March 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}