---
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"
generated_at: "2026-10-19T12:20:16.639938+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Teamshares swaps $150M legacy facility for $130M term loan at SOFR+9.50%, cutting interest ~$5M/yr

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002048951-26-000030
- JSON: https://secwatch.observer/filing/0002048951-26-000030.json
- Plain text: https://secwatch.observer/filing/0002048951-26-000030.txt

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