---
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"
generated_at: "2026-05-17T07:41:25.090370+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Nextracker enters $1.0B unsecured revolver, replacing $500M secured facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001852131-25-000057
- JSON: https://secwatch.observer/filing/0001852131-25-000057.json
- Plain text: https://secwatch.observer/filing/0001852131-25-000057.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000057/0001852131-25-000057-index.htm

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