{"schema_version":"secwatch.filing_event.v1","accession":"0002048951-26-000030","form_type":"8-K","ticker":"LOKV","cik":"0002048951","company_name":"Live Oak Acquisition Corp. V","filed_at":"2026-10-19T12:16:41+00:00","discovered_at":"2026-10-19T12:20:00.334293+00:00","generated_at":"2026-10-19T12:20:16.639938+00:00","sec_items":["1.01","1.02","2.03","3.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Teamshares swaps $150M legacy facility for $130M term loan at SOFR+9.50%, cutting interest ~$5M/yr","bullets":["$130.0M senior secured term loan arranged by Sound Point Capital affiliates matures 4Q 2030; SOFR (3.00% floor) + 9.50%, vs legacy SOFR+11.00%.","Quarterly amortization starts Dec 31, 2026 at $6.25M, stepping to $7.50M, $8.75M and $10.0M in successive years; voluntary prepayment allowed without penalty.","Legacy Westmount/i80 Group facility repaid in full for ~$152.8M ($150.0M principal incl. paid-in-kind interest + $2.8M accrued interest), ahead of Dec 5, 2026 maturity.","Annual interest expense expected to drop ~$5M at current SOFR; early repayment of $17M in mezzanine debt expected to save another ~$3M per year.","Credit Agreement bars dividends, buybacks and distributions without agent consent; CEO Michael Brown cites $100M 2027 Pro Forma Adjusted EBITDA forecast and $40M 2026 acquisition plan."],"urls":{"canonical":"https://secwatch.observer/filing/0002048951-26-000030","json":"https://secwatch.observer/filing/0002048951-26-000030.json","markdown":"https://secwatch.observer/filing/0002048951-26-000030.md","text":"https://secwatch.observer/filing/0002048951-26-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2048951/000204895126000030/0002048951-26-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2048951/000204895126000030/tms-20261016.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-19T12:20:16.639938+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}