{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-414287","form_type":"8-K","ticker":"LESL","cik":"0001821806","company_name":"Leslie's, Inc.","filed_at":"2026-10-05T20:45:22+00:00","discovered_at":"2026-10-05T20:46:00.316199+00:00","generated_at":"2026-10-12T14:54:23.365105+00:00","sec_items":["1.01","1.03","2.03","3.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Leslie's files Chapter 11; draws $45M of $90M DIP term loan; Nasdaq to delist, trading halted Oct 6","bullets":["Chapter 11 petitions filed Sept 30, 2026 in S.D. Texas (Case No. 26-90795); pre-arranged plan backed by consenting term loan lenders under an RSA.","DIP financing: $90M super-priority term loan (SOFR+6.50%, 9.50% upfront premium) and $225M ABL facility (SOFR+3.25%); both mature six months from Oct 2, 2026.","$45M of term DIP drawn Oct 2, 2026; no ABL DIP loans drawn; ~$50M prepetition revolver and $11.145M letters of credit outstanding, subject to creeping roll-up.","Nasdaq notice Oct 5, 2026: delisting due to Chapter 11, plus Sept 25 bid-price-below-$1 notice; trading suspended Oct 6; company did not appeal; expects OTC Markets trading.","Company warns equity holders may experience significant loss if the Plan is confirmed; trading in the securities is highly speculative."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-414287","json":"https://secwatch.observer/filing/0001193125-26-414287.json","markdown":"https://secwatch.observer/filing/0001193125-26-414287.md","text":"https://secwatch.observer/filing/0001193125-26-414287.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821806/000119312526414287/0001193125-26-414287-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821806/000119312526414287/d190635d8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:54:23.365105+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}