secwatch.observer — SEC 8-K summary
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Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2026-07-02T12:16:23+00:00
Accession:  0001193125-26-293500
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm enters $550M secured revolving credit facility, amends prior agreement
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- $550M secured revolving credit facility with $50M swing line and $30M letter of credit sublimits.
- Interest rate margins range from 1.125% to 2.000% over SOFR (or other benchmarks) based on leverage ratio.
- Commitment fees range from 0.150% to 0.250% per annum based on consolidated net leverage ratio.
- Financial covenants include minimum interest coverage ratio and maximum net leverage ratio.
- Obligations secured by substantially all assets of US borrowers and guaranteed by domestic subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000119312526293500/0001193125-26-293500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000119312526293500/d52623d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-293500

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