secwatch.observer — SEC 8-K summary
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Issuer:     LiveWire Group, Inc. (LVWR)
CIK:        0001898795
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001898795-24-000037
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LiveWire Group enters $100M convertible loan facility with Harley-Davidson; no amounts drawn
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- Convertible Delayed Draw Term Loan from Harley-Davidson, Inc. for up to $100M aggregate principal.
- Interest rate: 6-month SOFR + 4.00% per annum; floating rate recalculated semi-annually.
- Maturity: earlier of 24 months after first draw or October 31, 2026.
- At maturity, if not cash-settled, converts to LiveWire common stock at 90% of 30-day VWAP.
- No amounts drawn as of February 14, 2024; stockholder approval required for conversion above certain thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898795/000189879524000037/0001898795-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898795/000189879524000037/lvwr-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001898795-24-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer