{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-187776","form_type":"8-K","ticker":"MP","cik":"0001801368","company_name":"MP Materials Corp. / DE","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.033514+00:00","generated_at":"2026-05-17T10:16:33.216344+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"MP Materials signs $275M revolver, $200M LC sublimit, 5-year term","bullets":["$275M revolving credit facility with 5-year maturity from JPMorgan-led syndicate.","Pricing: SOFR + 1.75%-2.50% margin; commitment fee 0.20%-0.35% on unused portion.","Facility includes $200M letter of credit sublimit; secured by substantially all assets.","Financial covenant: total leverage ≤ 4.00x and interest coverage ≥ 3.00x after trigger event.","Proceeds for general corporate purposes, including working capital and capex."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-187776","json":"https://secwatch.observer/filing/0001193125-25-187776.json","markdown":"https://secwatch.observer/filing/0001193125-25-187776.md","text":"https://secwatch.observer/filing/0001193125-25-187776.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/0001193125-25-187776-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/d15553d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:16:33.216344+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":"f95dbb3b55f0f2b3d4e27f0678d82052ddb0d855","claim":"MP Materials Corp. / DE incurred revolving credit of $275.0 million with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus, as applicable, a margin ranging from 1.75% to 2.50% per annum maturing mature on the fifth anniversary of the Effective Date.","evidence_excerpt":"The Credit Agreement provides for a 5-year, $275.0 million revolving credit facility for general corporate purposes (the “Revolving Credit Facility”) with a $200.0 million letter of credit facility sublimit.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/0001193125-25-187776-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$275.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"SOFR plus, as applicable, a margin ranging from 1.75% to 2.50% per annum"},{"label":"Maturity","value":"mature on the fifth anniversary of the Effective Date"},{"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"}