{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-303948","form_type":"8-K","ticker":"DCO","cik":"0000030305","company_name":"DUCOMMUN INC /DE/","filed_at":"2025-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.665187+00:00","generated_at":"2026-05-16T15:57:07.506910+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ducommun refinances credit facility, upsizes revolver to $450M, lowers cost of capital","bullets":["New $450M revolver (upsized from $200M) and $200M term loan; both mature November 2030.","Proceeds used to repay existing $95M revolver balance and $225M term loan plus fees.","Lower borrowing spreads result in immediate cost savings starting 2026.","More than $300M availability under revolver at close; enhanced liquidity for acquisitions.","Amended covenants provide greater operating flexibility under VISION 2027 strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-303948","json":"https://secwatch.observer/filing/0001193125-25-303948.json","markdown":"https://secwatch.observer/filing/0001193125-25-303948.md","text":"https://secwatch.observer/filing/0001193125-25-303948.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/30305/000119312525303948/0001193125-25-303948-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/30305/000119312525303948/d942098d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:57:07.506910+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":"2dfcd643df8c3737f4f67568a9291558b17c1907","claim":"DUCOMMUN INC /DE/ incurred revolving credit of $120 million with Bank of America, N.A. at Term SOFR plus 1.50% maturing November 24, 2030.","evidence_excerpt":"a five-year $450 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Facilities”), of which $120 million was drawn on the Closing Date","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/30305/000119312525303948/0001193125-25-303948-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$120 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus 1.50%"},{"label":"Maturity","value":"November 24, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e1661e0c60d654f1afdee943020249f7187a4253","claim":"DUCOMMUN INC /DE/ incurred term loan of $200 million with Bank of America, N.A. at Term SOFR plus 1.50% maturing November 24, 2030.","evidence_excerpt":"a five-year $200 million senior secured term loan facility (the “Term Loan Facility”), all of which was drawn on the Closing Date","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/30305/000119312525303948/0001193125-25-303948-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus 1.50%"},{"label":"Maturity","value":"November 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"}