secwatch.observer — SEC 8-K summary
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Issuer:     ChampionX Corp (—)
CIK:        0001723089
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001723089-23-000151
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ChampionX reprices $620M term loans under amended credit agreement
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- Approximately $620M of existing Term B-1 Loans converted to new Term B-2 Loans at adjusted SOFR + 2.75% or base rate + 2.75%.
- Voluntary prepayment allowed without premium or penalty except a 1.00% premium within six months on repricing-related prepayments.
- All other material terms of the original credit agreement unchanged; obligations guaranteed by material domestic subsidiaries and secured by substantially all assets.
- Effective September 29, 2023; proceeds used to repay the existing Term B-1 Loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/0001723089-23-000151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723089/000172308923000151/championx-20230929.htm
  HTML page:      https://secwatch.observer/filing/0001723089-23-000151

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