{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-054820","form_type":"8-K","ticker":"WHD","cik":"0001699136","company_name":"Cactus, Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.179448+00:00","generated_at":"2026-05-16T15:45:18.916907+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Cactus establishes $100M delayed draw term loan to partially finance Baker Hughes Pressure Control acquisition","bullets":["New Term Loan Facility of up to $100M, undrawn at closing; matures 3 years after first draw.","Interest at ABR +2.50% or SOFR +3.50%; unused fee 0.05% per month.","Quarterly amortization starting April 2026, plus excess cash flow sweep from FY2027.","Leverage covenant set at 2.50:1; revolving credit maturity extended to December 1, 2030.","Collateral expanded to include equipment and intellectual property until term loan repaid."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-054820","json":"https://secwatch.observer/filing/0001628280-25-054820.json","markdown":"https://secwatch.observer/filing/0001628280-25-054820.md","text":"https://secwatch.observer/filing/0001628280-25-054820.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1699136/000162828025054820/0001628280-25-054820-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1699136/000162828025054820/whd-20251201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:45:18.916907+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":"9c3a0bbb8583cd7850eb3ef0250d6f1fc0d8678d","claim":"Cactus, Inc. amended ABL Credit Facility Amendment with JPMorgan Chase Bank, N.A. valued at $100.0 million (effective 2025-12-01).","evidence_excerpt":"On December 1, 2025, Cactus Companies, LLC (“Cactus Companies”), a subsidiary of Cactus Inc., entered into an amendment (the “ABL Credit Facility Amendment”) to its Amended and Restated Credit Agreement originally entered into on February 28, 2023","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1699136/000162828025054820/0001628280-25-054820-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$100.0 million"},{"label":"Effective","value":"2025-12-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}