{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-016247","form_type":"8-K","ticker":"WLDN","cik":"0001370450","company_name":"Willdan Group, Inc.","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.780330+00:00","generated_at":"2026-06-10T03:51:09.260406+00:00","sec_items":["1.01","1.02","2.03","3.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Willdan Group refinances with $150M credit facility, extends maturity to 2026","bullets":["New $100M term loan and $50M revolving credit facility, each maturing Sept 2026.","Proceeds used to repay $97M outstanding under prior facility due June 2024; no penalty.","Credit agreement imposes financial covenants and limits dividends and share repurchases.","CEO Tom Brisbin states refinancing positions company for continued growth momentum."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-016247","json":"https://secwatch.observer/filing/0001558370-23-016247.json","markdown":"https://secwatch.observer/filing/0001558370-23-016247.md","text":"https://secwatch.observer/filing/0001558370-23-016247.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370450/000155837023016247/0001558370-23-016247-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370450/000155837023016247/wldn-20230929x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:51:09.260406+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":"fc6dd31aef01a08bc5736b6a127c7ab11836048b","claim":"Willdan Group, Inc. incurred credit facility of $100.0 million term loan and $50.0 million revolving credit facility with BMO Bank, N.A. at Base Rate or adjusted SOFR plus an applicable margin ranging from 0.75% to 2.00% maturing September 29, 2026.","evidence_excerpt":"by and among the Company, the guarantors party thereto, BMO as administrative agent and lender and the lenders party thereto. ​ The Credit Agreement provides for (i) a $100.0 million term loan (the “Term Loan”) and (ii) a $50.0 million revolving credit facility (the “Revolving Credit Facility”, and collectively with the Term Loan, the “Credit Facilities”),","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1370450/000155837023016247/0001558370-23-016247-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$100.0 million term loan and $50.0 million revolving credit facility"},{"label":"Counterparty","value":"BMO Bank, N.A."},{"label":"Rate","value":"Base Rate or adjusted SOFR plus an applicable margin ranging from 0.75% to 2.00%"},{"label":"Maturity","value":"September 29, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"33cf701cf355ec5cbe35b7981beaea5e17406c68","claim":"Willdan Group, Inc. entered into Credit Agreement with BMO Bank, N.A. as administrative agent valued at $100 million term loan and $50 million revolving credit facility (effective 2023-09-29).","evidence_excerpt":"On September 29, 2023 (the “Closing Date”), Willdan Group, Inc. (the “Company”) and certain of its subsidiaries entered into a credit agreement (the “Credit Agreement”) with a syndicate of financial institutions as lenders and BMO Bank, N.A. (“BMO”), as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1370450/000155837023016247/0001558370-23-016247-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BMO Bank, N.A. as administrative agent"},{"label":"Value","value":"$100 million term loan and $50 million revolving credit facility"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"},{"claim_id":"36685786137b679770a65a263eb14760f5b44484","claim":"Willdan Group, Inc. terminated Prior Credit Agreement with BMO Bank, N.A. valued at Amended and Restated Credit Agreement dated June 26, 2019 with $100.0 million secured term loan ($60 (effective 2023-09-29).","evidence_excerpt":"On September 29, 2023, using proceeds from the Term Loan, the Company repaid in full all of its outstanding obligations under the Prior Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1370450/000155837023016247/0001558370-23-016247-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"BMO Bank, N.A."},{"label":"Value","value":"Amended and Restated Credit Agreement dated June 26, 2019 with $100.0 million secured term loan ($60"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}