{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-147869","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.033733+00:00","generated_at":"2026-05-18T17:54:04.380269+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Penguin Solutions refinances with $400M revolver; reduces funded debt by $200M, extends maturity to 2030","bullets":["Closed $400M revolving credit facility to replace $300M Term Loan A and $250M Revolver due 2027.","Borrowed $100M under new facility; used $200M cash to repay $300M outstanding, cutting funded debt by $200M.","New facility matures 2030 (extended from 2027); initial interest rate SOFR+1.75%.","JPMorgan led with BofA, Citizens, PNC, Santander as joint lead arrangers."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-147869","json":"https://secwatch.observer/filing/0001193125-25-147869.json","markdown":"https://secwatch.observer/filing/0001193125-25-147869.md","text":"https://secwatch.observer/filing/0001193125-25-147869.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/0001193125-25-147869-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/d81707d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T17:54:04.380269+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":"603430ebd64af2718345e05d76fa5e45d5b04e14","claim":"Penguin Solutions, Inc. incurred revolving credit of $400 million with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and an issuing bank at Term SOFR rate or a base rate, in each case plus an applicable margin maturing June 24, 2030.","evidence_excerpt":"provides for a revolving credit facility in an aggregate principal amount of $400 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000119312525147869/0001193125-25-147869-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, collateral agent and an issuing bank"},{"label":"Rate","value":"Term SOFR rate or a base rate, in each case plus an applicable margin"},{"label":"Maturity","value":"June 24, 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"}