{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-25-000477","form_type":"8-K","ticker":"TRNS","cik":"0000099302","company_name":"TRANSCAT INC","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.789556+00:00","generated_at":"2026-05-18T00:02:05.440285+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Transcat enters new $150M secured credit facility, nearly doubling prior $80M facility","bullets":["New 5-year $150M revolving credit facility replaces existing $80M M&T facility; matures July 29, 2030.","Joint lead arrangers M&T and Wells Fargo; additional lender Bank of America.","Leverage ratio covenant capped at 3.00x; fixed charge coverage minimum 1.20x; temporary increase for acquisitions.","Interest: Base Rate + 0.00%-0.75% or SOFR + 1.00%-1.75% based on leverage ratio.","Proceeds for acquisitions, working capital, and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-25-000477","json":"https://secwatch.observer/filing/0001206774-25-000477.json","markdown":"https://secwatch.observer/filing/0001206774-25-000477.md","text":"https://secwatch.observer/filing/0001206774-25-000477.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/99302/000120677425000477/0001206774-25-000477-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/99302/000120677425000477/trns4515171-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:02:05.440285+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":"d574c2cf09ddcff069c1ed1b71c27f2a7d3fc3a3","claim":"TRANSCAT INC incurred revolving credit of $150.0 million secured revolving credit facility with Manufacturers and Traders Trust Company at SOFR plus the Applicable Margin maturing July 29, 2030.","evidence_excerpt":"On July 29, 2025, Transcat, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with a group of three lenders which establishes a new five-year $150.0 million secured revolving credit facility (the “Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/99302/000120677425000477/0001206774-25-000477-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150.0 million secured revolving credit facility"},{"label":"Counterparty","value":"Manufacturers and Traders Trust Company"},{"label":"Rate","value":"SOFR plus the Applicable Margin"},{"label":"Maturity","value":"July 29, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}