secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001558370-22-016271
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries doubles revolving credit facility to $100M; maturity unchanged through May 2027
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- Maximum principal amount increased from $50M to $100M under First Amendment with First Horizon Bank.
- Maturity date remains May 31, 2027; no change to term length.
- New asset coverage covenant introduced: ratio > 2.00x (net receivables + inventory – chassis financing) / (loan balance + LC outstanding – $35M).
- Interest rate benchmark changed to 1-month Term SOFR; other material terms unchanged.
- Proceeds used for general corporate purposes, including working capital, L/Cs, and capex.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000155837022016271/0001558370-22-016271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000155837022016271/mlr-20221028x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016271

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