{"schema_version":"secwatch.filing_event.v1","accession":"0001410578-25-002044","form_type":"8-K","ticker":"SPXC","cik":"0000088205","company_name":"SPX Technologies, Inc.","filed_at":"2025-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.565628+00:00","generated_at":"2026-05-17T06:56:42.782636+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SPX Technologies closes $2.025B senior secured credit facility refinancing, maturing 2030","bullets":["New facility includes $500M term loan, $1.5B revolver, and $25M foreign credit instrument facility.","Maturity date extended to September 9, 2030; proceeds used to repay existing credit agreement debt.","Interest rate margins based on consolidated leverage ratio; range from 1.25% to 1.75% for Term SOFR loans.","Financial covenants: interest coverage ratio >=3.00x, leverage ratio <=3.75x (4.25x post-acquisition).","Facility is secured by first-priority pledge of domestic subsidiary stock and 65% of foreign subsidiary stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001410578-25-002044","json":"https://secwatch.observer/filing/0001410578-25-002044.json","markdown":"https://secwatch.observer/filing/0001410578-25-002044.md","text":"https://secwatch.observer/filing/0001410578-25-002044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88205/000141057825002044/0001410578-25-002044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88205/000141057825002044/tm2525695d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:56:42.782636+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":"43dc6a7b866adf97fa8955c5e2acc765cc7348fc","claim":"SPX Technologies, Inc. amended credit facility of $2.025 billion with Bank of America, N.A. at Term SOFR rate plus an applicable margin maturing September 9, 2030.","evidence_excerpt":"Bank AG, as foreign trade facility agent, and the Administrative Agent. The Amended Credit Agreement provides for committed senior secured financing in the aggregate amount of $2.025 billion, consisting of the following facilities (collectively, the “Senior Credit Facilities”), each with a final maturity of September 9, 2030: · A term loan facility in the aggregate","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/88205/000141057825002044/0001410578-25-002044-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$2.025 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR rate plus an applicable margin"},{"label":"Maturity","value":"September 9, 2030"},{"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"}