secwatch.observer — SEC 8-K summary
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Issuer:     Hayward Holdings, Inc. (HAYW)
CIK:        0001834622
Form:       8-K
Filed at:   2022-12-15T23:59:59+00:00
Accession:  0001834622-22-000109
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/0001834622-22-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834622/000183462222000109/hayw-20221215.htm
  HTML page:      https://secwatch.observer/filing/0001834622-22-000109

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