secwatch.observer — SEC 8-K summary
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Issuer:     Turtle Beach Corp (TBCH)
CIK:        0001493761
Form:       8-K
Filed at:   2025-12-30T23:59:59+00:00
Accession:  0001193125-25-337221
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Turtle Beach amends credit covenant to allow up to $10M in restricted payments through June 2026
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- First Amendment to Credit Agreement dated Dec 29, 2025, with Bank of America as agent.
- Amends Consolidated Fixed Charge Coverage Ratio to exclude up to $10M of restricted payments for trailing twelve months ending Mar 31, 2026 and Jun 30, 2026.
- Also excludes $9.45M for period ending Sep 30, 2025 and $7.005M for Dec 31, 2025 from covenant calculation.
- No other material changes to the credit agreement; existing terms remain in effect.
- Provides increased financial flexibility for dividends, share repurchases, or other restricted payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493761/000119312525337221/0001193125-25-337221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493761/000119312525337221/d46329d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-337221

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