Nextpower Inc. (NXT): debt financing — Nextracker enters $1.0B unsecured revolver, replacing $500M secured facility

Nextpower Inc.

New $1.0B unsecured revolving credit facility matures September 8, 2030; $0 drawn at closing.
Existing $500M secured facility (Feb 2023) terminated early with no penalties.
Includes $500M letter of credit subfacility and $150M swingline loan subfacility.
Interest based on SOFR plus margin (0.875%-1.50%) or base rate plus margin (0.00%-0.50%) per leverage-based pricing grid.
Covenant requires consolidated net leverage ratio below a defined threshold; voluntary prepayments permitted without premium.

item 1.01 item 1.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nextpower Inc. amended revolving credit of Existing Credit Agreement terminated with PNC Bank, National Association.

Instrument: revolving credit
Principal: Existing Credit Agreement terminated
Counterparty: PNC Bank, National Association
Event: amendment

Exact text from the filing

In connection with the closing of the New Credit Agreement, all revolving commitments and all revolving loans under the Existing Credit Agreement (as defined below), including all accrued interest or fees, have been paid in full or terminated in full, as applicable.

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Nextpower Inc. filing history →

Source: SEC EDGAR

accession 0001852131-25-000057

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