{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-172675","form_type":"8-K","ticker":"TBCH","cik":"0001493761","company_name":"Turtle Beach Corp","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.112806+00:00","generated_at":"2026-05-17T21:25:38.341611+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Turtle Beach enters $150M credit facility ($60M term loan + $90M revolver), matures Aug 2028","bullets":["New $150M credit facility includes a $60M term loan and a $90M revolving credit facility, maturing August 1, 2028.","Interest rates: base rate loans at SOFR/prime + 2.00%-2.75%; term SOFR/EURIBOR loans at +3.00%-3.75%.","Facility secured by substantially all assets of loan parties; includes financial covenants (fixed charge coverage ratio, leverage ratio).","Proceeds used to refinance existing indebtedness and for working capital and general corporate purposes.","Facility replaces previous debt arrangements and provides $60M term loan, $90M revolving availability."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-172675","json":"https://secwatch.observer/filing/0001193125-25-172675.json","markdown":"https://secwatch.observer/filing/0001193125-25-172675.md","text":"https://secwatch.observer/filing/0001193125-25-172675.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1493761/000119312525172675/0001193125-25-172675-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1493761/000119312525172675/d12194d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:25:38.341611+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":"0eb7f2f0d4c9820e5b96620a8498edfb1181f240","claim":"Turtle Beach Corp incurred credit facility of a $60,000,000 term loan facility and a $90,000,000 revolving credit facility with Bank of America, N.A., as the administrative agent, the swingline lender and the L/C issuer at floating rate plus a margin ranging from 2.00% to 2.75% for base rate loans and maturing August 1, 2028.","evidence_excerpt":"The Credit Agreement includes a $60,000,000 term loan facility (the “Term Loan Facility”) and a $90,000,000 revolving credit facility (“Revolving Facility\", and together with the Term Loan Facility, the “Facilities”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1493761/000119312525172675/0001193125-25-172675-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"a $60,000,000 term loan facility and a $90,000,000 revolving credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as the administrative agent, the swingline lender and the L/C issuer"},{"label":"Rate","value":"floating rate plus a margin ranging from 2.00% to 2.75% for base rate loans and"},{"label":"Maturity","value":"August 1, 2028"},{"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"}