secwatch.observer — SEC 8-K summary
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Issuer:     TREX CO INC (TREX)
CIK:        0001069878
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001193125-26-135874
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trex enters new $700M credit facility, replacing $550M prior facility, maturing 2031
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- New $700M revolving credit facility replaces prior $550M facility; term extended to March 26, 2031.
- Includes $60M letter of credit sublimit and $40M swing line sublimit; interest based on Term SOFR plus 1.00%-1.75% margin.
- Financial covenants: interest coverage ratio >= 2.50x and debt/EBITDA <= 3.75x (4.25x for qualifying acquisitions).
- Proceeds may be used to refinance existing debt, working capital, capex, permitted acquisitions, and fees.
- Security granted on substantially all assets (accounts, equipment, inventory, IP, etc.) excluding excluded property.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069878/000119312526135874/0001193125-26-135874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069878/000119312526135874/trex-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-135874

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