{"schema_version":"secwatch.filing_event.v1","accession":"0001831651-24-000030","form_type":"8-K","ticker":"SHLS","cik":"0001831651","company_name":"Shoals Technologies Group, Inc.","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.819386+00:00","generated_at":"2026-06-04T09:12:08.691518+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Shoals Technologies repays $44.4M term loans, secures $200M revolver with lower rates and extended maturity","bullets":["New $200M revolving loan tranche (2024 Revolving Loans) replaces existing revolver.","Interest rate margin reduced by at least 0.25% with additional step-downs tied to leverage.","Maximum consolidated first lien secured leverage ratio lowered to 4.25x through March 2025, then 4.00x.","Maturity extended to March 19, 2029, five years from effective date.","Company made $44.4M voluntary prepayment to retire all outstanding term loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001831651-24-000030","json":"https://secwatch.observer/filing/0001831651-24-000030.json","markdown":"https://secwatch.observer/filing/0001831651-24-000030.md","text":"https://secwatch.observer/filing/0001831651-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831651/000183165124000030/0001831651-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831651/000183165124000030/shls-20240319.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:12:08.691518+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":"1a700e6d0241c3d23f020909383207473551c9ee","claim":"Shoals Technologies Group, Inc. incurred revolving credit of $200,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an maturing March 19, 2029.","evidence_excerpt":"from time to time, the “Amended Credit Agreement”). The Amendment, among other things, (i) provides for a new tranche of revolving loans in an aggregate principal amount of $200,000,000 (the “2024 Revolving Loans”), (ii) reduces the interest rate margin applicable to revolving loans outstanding under the Amended Credit Agreement by at least 0.25% with additional","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831651/000183165124000030/0001831651-24-000030-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent"},{"label":"Rate","value":"adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an"},{"label":"Maturity","value":"March 19, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9cd7dcd0759d39e55ddbe5470f98226f91cf9003","claim":"Shoals Technologies Group, Inc. amended Amendment No. 6 to Credit Agreement with JPMorgan Chase Bank, N.A. valued at $200,000,000 new revolving loans; reduces interest rate margin; reduces commitment fee; extends matu (effective 2024-03-19).","evidence_excerpt":"On March 19, 2024 (the \"Effective Date\"), Shoals Technologies Group, Inc. (the \"Company\"), as borrower, and certain of its subsidiaries entered into Amendment No. 6 (the \"Amendment\") to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto (as amended prior to the Effective Date, the \"Existing Credit Agreement,\" and as amended from time to time, the \"Amended Credit Agreement\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831651/000183165124000030/0001831651-24-000030-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$200,000,000 new revolving loans; reduces interest rate margin; reduces commitment fee; extends matu"},{"label":"Effective","value":"2024-03-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}