secwatch.observer — SEC 8-K summary
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Issuer:     Latham Group, Inc. (SWIM)
CIK:        0001833197
Form:       8-K
Filed at:   2026-08-21T12:41:55+00:00
Accession:  0001833197-26-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Latham Group refinances debt: new $300M term loan and $75M revolver, maturing 2033/2031
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- New senior secured credit agreement with Jefferies Finance as administrative agent; replaces Feb 2022 Barclays facility.
- Term loan facility: $300M at Term SOFR + 4.00% or ABR + 3.00%, matures Aug 20, 2033.
- Revolving facility: $75M, multicurrency (USD, CAD, EUR, AUD), matures Aug 20, 2031; margins 3.25-3.50% (SOFR/CORRA) or 2.25-2.50% (ABR/Prime).
- Mandatory prepayments: 50% excess cash flow, 100% net asset sale proceeds; financial covenant max first-lien net leverage 5.20x if revolver usage >40%.
- Proceeds used to repay and terminate prior credit agreement with Barclays Bank PLC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833197/000183319726000036/0001833197-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833197/000183319726000036/swim-20260820.htm
  HTML page:      https://secwatch.observer/filing/0001833197-26-000036

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