secwatch.observer — SEC 8-K summary
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Issuer:     Perimeter Solutions, Inc. (PRM)
CIK:        0001880319
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001493152-25-029414
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perimeter Solutions enters $200M amended credit facility; resolves stockholder suit for $725K in fees
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- New $200M senior secured revolving credit facility matures December 19, 2030, replaces existing credit agreement.
- Facility includes $40M swingline and $50M letter of credit subfacilities; interest rate SOFR + 2.75% (with step-ups).
- Agreed to pay $725,000 in attorneys' fees to settle mooted stockholder class action over director elections; no admission.
- Borrowing capacity can increase to $315M (or $360M after MMT Acquisition) subject to EBITDA test.
- Credit facility guaranteed by Perimeter Intermediate and secured by first-priority liens on assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880319/000149315225029414/0001493152-25-029414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880319/000149315225029414/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029414

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer