{"schema_version":"secwatch.filing_event.v1","accession":"0001424929-25-000086","form_type":"8-K","ticker":"FOXF","cik":"0001424929","company_name":"FOX FACTORY HOLDING CORP","filed_at":"2025-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.381045+00:00","generated_at":"2026-05-17T02:09:39.435397+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Fox Factory replaces credit facility with $537.5M term loan and $500M revolver, maturing Oct 2030","bullets":["Borrowed $710M ($537.5M term + $172.5M revolver) to repay prior debt and for general corporate purposes.","Term loan requires quarterly installments of ~$6.72M; all amounts due Oct 24, 2030.","Interest on term loan and revolver at SOFR + 1.00%-2.50% or base rate + 0.00%-1.50%.","New maintenance covenants: Net Leverage ≤ 4.50 (stepping down to 4.00) and Interest Coverage ≥ 2.75.","Added incremental facility up to $175M plus unlimited subject to pro forma leverage below 3.25x."],"urls":{"canonical":"https://secwatch.observer/filing/0001424929-25-000086","json":"https://secwatch.observer/filing/0001424929-25-000086.json","markdown":"https://secwatch.observer/filing/0001424929-25-000086.md","text":"https://secwatch.observer/filing/0001424929-25-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1424929/000142492925000086/0001424929-25-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1424929/000142492925000086/foxf-20251024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:09:39.435397+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":"4b67b8fe8066fe3888590b8bbedd103af9718bd3","claim":"FOX FACTORY HOLDING CORP incurred credit facility of $710 million with Wells Fargo Bank, National Association at SOFR loans bear interest ... at a rate per annum equal to the term SOFR for such maturing October 24, 2030.","evidence_excerpt":"the Company borrowed $710 million under the Amended Credit Agreement consisting of the $537.5 million Term Loan and $172.5 million under the Revolving Credit Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424929/000142492925000086/0001424929-25-000086-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$710 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"SOFR loans bear interest ... at a rate per annum equal to the term SOFR for such"},{"label":"Maturity","value":"October 24, 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"}