---
schema_version: "secwatch.filing_event.v1"
accession: "0001834622-22-000109"
form_type: "8-K"
ticker: "HAYW"
cik: "0001834622"
company_name: "Hayward Holdings, Inc."
filed_at: "2022-12-15T23:59:59+00:00"
generated_at: "2026-06-21T04:18:05.694771+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hayward Holdings secures $125M incremental term loan to repay ABL revolver and boost liquidity

## Summary
- Incremental Term Loan B of $125M added to first lien credit agreement; matures May 2028.
- Interest rate: Term SOFR (0.50% floor) + 3.25% per annum; issued at 4% original issue discount.
- Proceeds used to repay ABL revolver borrowings, fund balance sheet, and pay related fees and expenses.
- CFO states financing is net leverage neutral and improves financial flexibility.
- Closing expected later in December, subject to customary closing conditions.

## SEC filing metadata
- accession: 0001834622-22-000109
- form_type: 8-K
- ticker: HAYW
- cik: 0001834622
- company_name: Hayward Holdings, Inc.
- filed_at: 2022-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/0001834622-22-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/hayw-20221215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001834622-22-000109
- JSON: https://secwatch.observer/filing/0001834622-22-000109.json
- Plain text: https://secwatch.observer/filing/0001834622-22-000109.txt

## Key facts
- Debt Financings
  Hayward Holdings, Inc. incurred term loan of approximately $125 million with Bank of America, N.A. at Term SOFR plus an applicable interest rate margin (SOFR floor of 0.50%) or alter maturing May 28, 2028.
  - Instrument: term loan
  - Principal: approximately $125 million
  - Counterparty: Bank of America, N.A.
  - Rate: Term SOFR plus an applicable interest rate margin (SOFR floor of 0.50%) or alter
  - Maturity: May 28, 2028
  - Event: incurrence
  source text: The Fourth Amendment provides for, among other things, an incremental term loan under the Credit Agreement in an aggregate original principal amount of approximately $125 million (the “Incremental Term Loan B”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/0001834622-22-000109-index.htm
- Material Agreements
  Hayward Holdings, Inc. amended Fourth Amendment with Bank of America, N.A., as administrative agent and collateral agent, and the other lenders party thereto valued at approximately $125 million (effective 2022-12-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent and collateral agent, and the other lenders party thereto
  - Value: approximately $125 million
  - Effective: 2022-12-13
  source text: On December 13, 2022, Hayward Industries, Inc., a New Jersey corporation (the “Borrower”) and a wholly-owned subsidiary of Hayward Holdings, Inc. (the “Company”), and certain wholly-owned subsidiaries of the Borrower party thereto, each, entered into an amendment no. 4 to first lien credit agreement, dated as of December 13, 2022 (the “Fourth Amendment”), with Bank of America, N.A., as administrative agent and collateral agent (the “Administrative Agent”), and the other financial institutions and lenders party thereto, which amended the credit agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/0001834622-22-000109-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.