{"schema_version":"secwatch.filing_event.v1","accession":"0001589526-22-000080","form_type":"8-K","ticker":"BLBD","cik":"0001589526","company_name":"Blue Bird Corp","filed_at":"2022-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.309075+00:00","generated_at":"2026-06-21T12:45:42.793398+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Blue Bird extends credit facility to Dec 2024; revises covenants and pricing grid","bullets":["Maturity extended from Sept 2023 to Dec 31, 2024; revolving commitment amended to $90M (initially $80M available).","New pricing grid with SOFR+ margins up to 5.75%; margins increase if revolving draws exceed $50M or $80M.","New minimum consolidated EBITDA covenants: $50M annualized run-rate in Q2-Q3 FY2023, $60M in Q2-Q4 FY2023.","Permanent waiver of $20M trailing 12-month minimum EBITDA covenant for Q4 FY2022 and 2,306 minimum units covenant.","CFO to provide fiscal 2023 guidance on Dec 12 earnings call; CEO cites lending partners' continued support."],"urls":{"canonical":"https://secwatch.observer/filing/0001589526-22-000080","json":"https://secwatch.observer/filing/0001589526-22-000080.json","markdown":"https://secwatch.observer/filing/0001589526-22-000080.md","text":"https://secwatch.observer/filing/0001589526-22-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1589526/000158952622000080/0001589526-22-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1589526/000158952622000080/blbd-20221121.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:45:42.793398+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":"11392a40ddc3625c354b53d963ef215a960c9d0e","claim":"Blue Bird Corp amended credit facility of $90.0 million with Bank of Montreal, as Administrative Agent, and certain other financial institutions at SOFR plus 5.75% maturing December 31, 2024.","evidence_excerpt":"under the Amended Credit Agreement from September 13, 2023 to December 31, 2024. The total revolving facility commitment under the Amended Credit Agreement is amended to $90.0 million. Of this total, only $80.0 million is available for the Borrower to draw, with the remaining $10.0 million subject to written approval from Required Lenders (as defined in the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1589526/000158952622000080/0001589526-22-000080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$90.0 million"},{"label":"Counterparty","value":"Bank of Montreal, as Administrative Agent, and certain other financial institutions"},{"label":"Rate","value":"SOFR plus 5.75%"},{"label":"Maturity","value":"December 31, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}