{"schema_version":"secwatch.filing_event.v1","accession":"0001206264-25-000151","form_type":"8-K","ticker":"SGI","cik":"0001206264","company_name":"SOMNIGROUP INTERNATIONAL INC.","filed_at":"2025-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.730102+00:00","generated_at":"2026-05-18T21:58:37.704914+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Somnigroup reprices $1.496B term loans, margin cut by 25bp; prepays $100M","bullets":["Amendment No. 4 reduces applicable margin on Term B Loans by 0.25% to Term SOFR+2.25% (with 0.25% further reduction based on leverage).","Company prepaid $100M of existing Term B Loans with a revolver borrowing.","New 2025 Refinancing Term B Loans of $1.496B refinance all existing 2024 Term B Loans due October 2031.","Repriced loans subject to prepayment premium for certain repricing transactions within six months."],"urls":{"canonical":"https://secwatch.observer/filing/0001206264-25-000151","json":"https://secwatch.observer/filing/0001206264-25-000151.json","markdown":"https://secwatch.observer/filing/0001206264-25-000151.md","text":"https://secwatch.observer/filing/0001206264-25-000151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1206264/000120626425000151/0001206264-25-000151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1206264/000120626425000151/sgi-20250624.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T21:58:37.704914+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":"d4aa486b6650cb925a4bee8602263e1082104002","claim":"SOMNIGROUP INTERNATIONAL INC. amended term loan of $100.0 million of the outstanding Term B Loans prepaid with Bank of America, N.A. at applicable margin reduced by 0.25% to: (i) base rate plus 1.25%, (ii) Term Bench maturing October 2031.","evidence_excerpt":"subject, in each case, to an additional 0.25% rate reduction based on the Company's consolidated total leverage ratio. In connection with the repricing, the Company prepaid $100.0 million of the outstanding Term B Loans (including accrued and unpaid interest in respect thereof) with a borrowing under the revolving credit facility under the Credit Agreement. The","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1206264/000120626425000151/0001206264-25-000151-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$100.0 million of the outstanding Term B Loans prepaid"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"applicable margin reduced by 0.25% to: (i) base rate plus 1.25%, (ii) Term Bench"},{"label":"Maturity","value":"October 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}