secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001511737-23-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ubiquiti adds $250M term loan facility under existing credit agreement
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- Added $250M term loan (First Amendment Term Loan) to existing $700M revolver and $500M initial term loan.
- Term loan payable in $3.125M quarterly installments, matures March 30, 2026.
- Interest rates: Base Rate + 1.00%-1.75% or Adjusted Term SOFR + 2.00%-2.75%, based on leverage.
- Proceeds for working capital and general corporate purposes; secured by assets (excluding IP).
- Amendment transitions from LIBOR to Adjusted Term SOFR as reference rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173723000023/0001511737-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173723000023/ui-20230403.htm
  HTML page:      https://secwatch.observer/filing/0001511737-23-000023

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