Short answer
Latham Group, Inc. (SWIM) filed an 8-K current report with the SEC on August 21, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). New senior secured financing: $300 million term loan plus $75 million revolving facility, replacing prior credit agreement.
Latham Group, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- New senior secured financing: $300 million term loan plus $75 million revolving facility, replacing prior credit agreement
- Term loan matures August 20, 2033, carries Term SOFR plus 4.00%, with quarterly amortization of 0.25% of initial principal
- Revolver matures August 20, 2031, supports working capital and multicurrency borrowing without scheduled amortization
- 50% excess-cash-flow sweep and 100% net proceeds from certain transactions accelerate debt repayment
- 5.20:1.00 maximum First Lien Net Leverage Ratio applies when revolver usage exceeds 40% of commitments at quarter-end
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Latham Group, Inc. 8-K filings
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