{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-26-004277","form_type":"8-K","ticker":"KLNG","cik":"0001110607","company_name":"Koil Energy Solutions, Inc.","filed_at":"2026-05-22T21:25:42+00:00","discovered_at":"2026-05-22T21:28:00.285265+00:00","generated_at":"2026-05-22T21:29:24.647153+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"confidence":"high","headline":"Koil Energy secures $5M asset-based revolving credit facility with nFusion Capital Finance","bullets":["Facility provides up to $5M at 85% advance rate on eligible accounts; interest = WSJ prime + 4.75% (floor 6.75%).","12-month initial term with automatic annual renewals; secured by first-priority lien on substantially all personal property.","Replaces prior factoring arrangement, which has been repaid and terminated; no outstanding financial debt beyond lease obligations.","Proceeds to support working capital and expand high-margin rental equipment fleet; fees include 1.0% loan fee, 0.25% monthly monitoring fee.","Lender nFusion Capital Finance, LLC is an Austin-based private working capital finance company."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-004277","json":"https://secwatch.observer/filing/0001683168-26-004277.json","markdown":"https://secwatch.observer/filing/0001683168-26-004277.md","text":"https://secwatch.observer/filing/0001683168-26-004277.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1110607/000168316826004277/0001683168-26-004277-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1110607/000168316826004277/koil_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T21:29:24.647153+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"}