{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-063662","form_type":"8-K","ticker":"RDNW","cik":"0001596961","company_name":"RideNow Group, Inc.","filed_at":"2026-09-28T13:00:47+00:00","discovered_at":"2026-09-28T13:02:02.284905+00:00","generated_at":"2026-10-12T13:32:47.707594+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RideNow closes $220M senior secured term loan; refinances Oaktree debt, in talks for $50M Wells Fargo ABL","bullets":["$220M senior secured term loan entered Sept 25, 2026 with Centerbridge affiliates and Alter Domus as agent; matures Sept 25, 2031, refinancing existing Oaktree term loan in full.","Term loans pay Base Rate +7.375% or Adjusted Term SOFR (3.00% floor) +8.375%; 24-month non-call with make-whole plus 2.00% premium, then 2.00% until 36 months.","Covenants: Consolidated First Lien Net Leverage Ratio max 4.80:1.00 from first full fiscal quarter after closing, stepping to 3.25:1.00 in Q2 2029; minimum liquidity $15M tested monthly.","Amended/restated unsecured notes total $10.0M ($3,333,334 each) with SH Capital, Mark Tkach, Face Canyon; 13.0% interest (15.0% after maturity), PIK, mature Aug 31, 2028, subordinated.","In advanced talks with Wells Fargo for $50M senior secured ABL revolver at Daily Simple SOFR +2.25%; no binding commitment; proceeds would refinance a portion of term loans and fund working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-063662","json":"https://secwatch.observer/filing/0001628280-26-063662.json","markdown":"https://secwatch.observer/filing/0001628280-26-063662.md","text":"https://secwatch.observer/filing/0001628280-26-063662.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1596961/000162828026063662/0001628280-26-063662-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1596961/000162828026063662/rmbl-20260925.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T13:32:47.707594+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}