{"schema_version":"secwatch.filing_event.v1","accession":"0001772921-23-000077","form_type":"8-K","ticker":"ONEW","cik":"0001772921","company_name":"OneWater Marine Inc.","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.379538+00:00","generated_at":"2026-06-08T00:18:49.184248+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"OneWater Marine enters $650M inventory financing facility with Wells Fargo","bullets":["Facility provides up to $650M asset-based borrowing for inventory; secured by inventory, receivables, bank accounts.","Interest rate: Adjusted 30-Day SOFR + 2.75%-5.00% (new boats) and +0.25% on that rate for pre-owned.","Financial covenants include Funded Debt to EBITDA Ratio stepping down from 3.25x to 2.75x; Fixed Charge Coverage at 1.50x.","Guaranteed by CEO P. Austin Singleton and President Anthony Aisquith; matures March 1, 2026.","Replaces existing Seventh Amended and Restated Inventory Financing Agreement dated Dec 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001772921-23-000077","json":"https://secwatch.observer/filing/0001772921-23-000077.json","markdown":"https://secwatch.observer/filing/0001772921-23-000077.md","text":"https://secwatch.observer/filing/0001772921-23-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/0001772921-23-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/onew-20231114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T00:18:49.184248+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":"6e0421484c9447dbbea618e450672d47c9e83efa","claim":"OneWater Marine Inc. entered into Eighth Amended and Restated Inventory Financing Agreement with Wells Fargo Commercial Distribution Finance, LLC valued at $650.0 million (effective 2023-11-14).","evidence_excerpt":"On November 14, 2023, OneWater Marine Inc., a Delaware corporation (the “Company”) and its subsidiaries entered into the Eighth Amended and Restated Inventory Financing Agreement (the “A&R Inventory Financing Facility”), with the dealers party thereto, Wells Fargo Commercial Distribution Finance, LLC, as agent (the “Agent”), and the Lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1772921/000177292123000077/0001772921-23-000077-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Commercial Distribution Finance, LLC"},{"label":"Value","value":"$650.0 million"},{"label":"Effective","value":"2023-11-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}