secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001193125-25-172675
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach enters $150M credit facility ($60M term loan + $90M revolver), matures Aug 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000119312525172675/0001193125-25-172675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000119312525172675/d12194d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-172675

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