---
schema_version: "secwatch.filing_event.v1"
accession: "0001852131-25-000014"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:28:05.775112+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Nextracker amends credit facility, increases surety bond capacity; repays term loan

## Summary
- Amendment raises surety bond basket from $1.0B to unlimited if net leverage ≤2.75x; else 200% of EBITDA.
- Repaid all outstanding term loan under Credit Agreement on Feb 19, 2025.
- Pro forma Total Net Leverage Ratio condition provides flexibility for project guarantees.
- Lenders include JPMorgan, Bank of America, Barclays, Citibank, among others.

## SEC filing metadata
- accession: 0001852131-25-000014
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000014/0001852131-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000014/nxt-20250214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001852131-25-000014
- JSON: https://secwatch.observer/filing/0001852131-25-000014.json
- Plain text: https://secwatch.observer/filing/0001852131-25-000014.txt

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