{"schema_version":"secwatch.filing_event.v1","accession":"0001819974-23-000003","form_type":"8-K","ticker":"SKYT","cik":"0001819974","company_name":"SkyWater Technology, Inc","filed_at":"2023-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.769350+00:00","generated_at":"2026-06-20T20:26:27.318216+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SkyWater enters $100M revolving credit facility with Siena Lending, refinances $43.5M Wells Fargo debt","bullets":["New $100M facility (expandable to $130M) with Siena Lending Group; matures Dec 28, 2025.","Proceeds initially refinance $43.5M Wells Fargo debt; thereafter for working capital and equipment.","Interest: SOFR + 6.25%-5.25% margin or base rate + 5.25%-4.25%; subject to borrowing base.","Covenants: min trailing 12-month EBITDA of $10M, max unfunded capex of $15M, fixed charge coverage ≥1.00x if liquidity <$15M.","Prior Wells Fargo credit agreement dated Dec 28, 2020 terminated upon repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001819974-23-000003","json":"https://secwatch.observer/filing/0001819974-23-000003.json","markdown":"https://secwatch.observer/filing/0001819974-23-000003.md","text":"https://secwatch.observer/filing/0001819974-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819974/000181997423000003/0001819974-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819974/000181997423000003/skyt-20221228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T20:26:27.318216+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":"98cde9fbb17eafb1e6bbf894aa7c1761d323ba3f","claim":"SkyWater Technology, Inc entered into Loan and Security Agreement with Siena Lending Group LLC, as agent, and the Lenders valued at up to $100 million (effective 2022-12-28).","evidence_excerpt":"On December 28, 2022, SkyWater Technology, Inc. (the “Company”) and its subsidiaries, SkyWater Technology Foundry, Inc., SkyWater Federal, LLC and SkyWater Florida, Inc. (the “Borrowers”) entered into a Loan and Security Agreement (the “Loan Agreement”) with Siena Lending Group LLC, as agent (the “Agent”) for Siena Lending Group LLC and GRC SPV Investments, LLC and the other financial institutions party to the Loan Agreement from time to time (the “Lenders”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819974/000181997423000003/0001819974-23-000003-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Siena Lending Group LLC, as agent, and the Lenders"},{"label":"Value","value":"up to $100 million"},{"label":"Effective","value":"2022-12-28"}],"fact_type":"material_agreement"},{"claim_id":"9b58f40d56b50914223ad32e9a34e2986ef8d125","claim":"SkyWater Technology, Inc terminated Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $43.5 million (effective 2022-12-28).","evidence_excerpt":"On December 28, 2022, in connection with the entry into the Loan Agreement, the Company repaid the $ 43.5 million in outstanding indebtedness under, and terminated, that certain Amended and Restated Credit Agreement dated as of December 28, 2020, by and between the Company (successor by conversion to CMI Acquisition, LLC), SkyWater Foundry and other subsidiaries of the Company as borrowers, and Wells Fargo Bank, National Association.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819974/000181997423000003/0001819974-23-000003-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$43.5 million"},{"label":"Effective","value":"2022-12-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}