---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-003257"
form_type: "8-K"
ticker: "BWEN"
cik: "0001120370"
company_name: "BROADWIND, INC."
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T13:09:49.976914+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Broadwind waives EBITDA covenant breach, amends credit agreement with Wells Fargo

## Summary
- Waived existing event of default for minimum EBITDA shortfall (below $2.5M for Dec 2022).
- Amended minimum EBITDA: $1.921M (Mar 2023), $3.661M (Jun), $5.876M (Sep), $9.929M (Dec 2023).
- Fixed charge coverage ratio begins Jan 2024 at 1.0x through June 2024, then 1.1x.
- Paid $25,000 amendment fee; added Advanced Deposit Reserve definitions to credit agreement.
- Company reaffirmed all obligations; no other defaults continuing after waiver.

## SEC filing metadata
- accession: 0001437749-23-003257
- form_type: 8-K
- ticker: BWEN
- cik: 0001120370
- company_name: BROADWIND, INC.
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120370/000143774923003257/0001437749-23-003257-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120370/000143774923003257/bwen20230213_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-003257
- JSON: https://secwatch.observer/filing/0001437749-23-003257.json
- Plain text: https://secwatch.observer/filing/0001437749-23-003257.txt

## Key facts
- Material Agreements
  BROADWIND, INC. amended Amendment No. 1 to Credit Agreement and Limited Waiver with Wells Fargo Bank, National Association (effective 2023-02-08).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2023-02-08
  source text: On February 8, 2023, Broadwind, Inc. and its subsidiaries (the “Company”) entered into Amendment No. 1 to Credit Agreement and Limited Waiver (the “First Amendment”) to the Credit Agreement dated as of August 4, 2022, by and among the Company and Wells Fargo Bank, National Association (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120370/000143774923003257/0001437749-23-003257-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.