Power Solutions International Enters Material Definitive Agreement

TL;DR

PSI inked a big deal on 3/22, new financial obligation filed.

AI Summary

Power Solutions International, Inc. entered into a material definitive agreement on March 22, 2024, related to a direct financial obligation. The company, headquartered in Wood Dale, Illinois, filed an 8-K report detailing this event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Power Solutions International, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that warrant careful monitoring.

Key Players & Entities

• Power Solutions International, Inc. (company) — Registrant
• March 22, 2024 (date) — Date of earliest event reported
• Wood Dale, Illinois (location) — Company Headquarters

FAQ

Key Financial Figures

• $130 million — c. (the "Company" or "PSI") amended its $130 million uncommitted senior secured revolving cr
• $50 million — has an outstanding principal balance of $50 million with no principal payments scheduled as
• $130.0 million — 24, 2024, providing the Company with a $130.0 million subordinated loan under which Weichai w
• $30 million — agreement providing the Company with a $30 million subordinated loan at the discretion of
• $30 Million — qual to SOFR plus 4.05% per annum (the "$30 Million Second Amended and Restated Shareholder
• $19.8 million — the Company had borrowed approximately $19.8 million under the $30 Million Second Amended an
• $25 million — agreements with Weichai, including the $25 million Second Amended and Restated Shareholder
• $25 Million — ated Shareholder's Loan Agreement (the "$25 Million Second Amended Shareholder's Loan Agree
• $50 Million — Shareholder's Loan Agreement") and the $50 Million Second Amended and Restated Shareholder
• $0.001 — of the Company's common stock par value $0.001 (the "Common Stock") from the NASDAQ St

Filing Documents

• d811155d8k.htm (8-K) — 36KB
• d811155dex101.htm (EX-10.1) — 541KB
• d811155dex102.htm (EX-10.2) — 61KB
• d811155dex991.htm (EX-99.1) — 14KB
• g811155g0328204228337.jpg (GRAPHIC) — 13KB
• 0001193125-24-080563.txt ( ) — 960KB
• psix-20240322.xsd (EX-101.SCH) — 3KB
• psix-20240322_def.xml (EX-101.DEF) — 12KB
• psix-20240322_lab.xml (EX-101.LAB) — 20KB
• psix-20240322_pre.xml (EX-101.PRE) — 13KB
• d811155d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Fourth Amended and Restated Uncommitted Revolving Credit Agreement, dated as of March 22, 2024, among the Company, certain subsidiaries of the Company party thereto, the lenders party thereto and Standard Chartered Bank, as administrative agent. 10.2 $30 Million Second Amended and Restated Shareholder's Loan Agreement, dated as of March 22, 2024, between the Company and Weichai America Corp. 99.1 Press release announcing Fourth Amended and Restated Credit Agreement and $30 Million Second Amended and Restated Shareholder's Loan Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Power Solutions International, Inc. Dated: March 28, 2024 By: /s/ Xun Li Xun Li Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR