secwatch.observer — SEC 8-K summary
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Issuer:     ALLIENT INC (ALNT)
CIK:        0000046129
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001558370-24-002372
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allient enters new $280M revolver due 2029 and $150M private shelf facility
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- New $280M revolving credit facility matures March 1, 2029; replaces existing $280M facility.
- $50M accordion feature; interest at SOFR +1.25%-2.50% or ABR +0.25%-1.50% based on leverage.
- Entered $150M private shelf agreement with PGIM for senior notes up to 10.5 years, available through March 2027.
- Financial covenants: min interest coverage 3.0x, max leverage 4.25x (3.75x after 2024); temporary increase for acquisitions.
- Prior $280M facility terminated and all outstanding obligations repaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46129/000155837024002372/0001558370-24-002372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46129/000155837024002372/alnt-20240301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002372

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