{"schema_version":"secwatch.filing_event.v1","accession":"0001852131-25-000057","form_type":"8-K","ticker":"NXT","cik":"0001852131","company_name":"Nextpower Inc.","filed_at":"2025-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.361247+00:00","generated_at":"2026-05-17T07:41:25.090370+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Nextracker enters $1.0B unsecured revolver, replacing $500M secured facility","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001852131-25-000057","json":"https://secwatch.observer/filing/0001852131-25-000057.json","markdown":"https://secwatch.observer/filing/0001852131-25-000057.md","text":"https://secwatch.observer/filing/0001852131-25-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852131/000185213125000057/0001852131-25-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852131/000185213125000057/nxt-20250908.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:41:25.090370+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d0a965aac2dc75243c98f616be4471bbce667910","claim":"Nextpower Inc. amended revolving credit of Existing Credit Agreement terminated with PNC Bank, National Association.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852131/000185213125000057/0001852131-25-000057-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"Existing Credit Agreement terminated"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}