Power Solutions International Enters Material Agreement
Ticker: PSIX · Form: 8-K · Filed: May 21, 2024 · CIK: 1137091
| Field | Detail |
|---|---|
| Company | Power Solutions International, Inc. (PSIX) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $25 million, $25 Million, $50 million, $40 million, $50 Million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, regulation-fd
TL;DR
PSI inked a big deal, expect financial updates soon.
AI Summary
On May 20, 2024, Power Solutions International, Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The company also made a Regulation FD Disclosure and filed financial statements and exhibits. Specific details regarding the agreement, obligation, and financial information were not provided in the initial filing summary.
Why It Matters
This filing indicates a significant financial event for Power Solutions International, Inc., potentially impacting its financial obligations and future operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligation, which could carry significant financial implications for the company.
Key Players & Entities
- Power Solutions International, Inc. (company) — Registrant
- May 20, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Power Solutions International, Inc.?
The filing indicates the entry into a Material Definitive Agreement, but the specific details of the agreement are not elaborated in the provided summary.
What is the direct financial obligation or off-balance sheet arrangement mentioned?
The filing states the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, but the specifics are not detailed in the summary.
What is the significance of the Regulation FD Disclosure?
The Regulation FD Disclosure indicates that the company is providing material information to the public in compliance with fair disclosure rules.
What types of financial statements and exhibits were filed?
The filing mentions the submission of Financial Statements and Exhibits, but the specific content of these documents is not detailed in the summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on May 20, 2024.
Filing Stats: 1,422 words · 6 min read · ~5 pages · Grade level 13.9 · Accepted 2024-05-21 16:31:04
Key Financial Figures
- $25 million — any" or "PSI") amended and restated its $25 million shareholder's loan agreement (the "$25
- $25 Million — lion shareholder's loan agreement (the "$25 Million Third Amended and Restated Shareholder'
- $50 million — all respects to the Company's existing $50 million senior secured revolving credit facilit
- $40 million — with Standard Chartered Bank (of which $40 million has been borrowed as of May 20, 2024).
- $50 Million — ated shareholder's loan agreement (the "$50 Million Second Amended and Restated Shareholder
- $30 million — reement") on November 29, 2023, and the $30 million second amended and restated shareholder
- $30 Million — ated shareholder's loan agreement (the "$30 Million Second Amended and Restated Shareholder
- $19.8 million — stated Shareholder's Loan Agreement and $19.8 million of borrowings under the $30 Million Sec
- $0.001 — of the Company's common stock par value $0.001 (the "Common Stock") from the NASDAQ St
Filing Documents
- d775899d8k.htm (8-K) — 32KB
- d775899dex101.htm (EX-10.1) — 60KB
- d775899dex991.htm (EX-99.1) — 11KB
- g775899g0521214642268.jpg (GRAPHIC) — 13KB
- 0001193125-24-143968.txt ( ) — 276KB
- psix-20240520.xsd (EX-101.SCH) — 3KB
- psix-20240520_def.xml (EX-101.DEF) — 12KB
- psix-20240520_lab.xml (EX-101.LAB) — 19KB
- psix-20240520_pre.xml (EX-101.PRE) — 12KB
- d775899d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 $25 Million Third Amended and Restated Shareholder's Loan Agreement, dated as of May 20, 2024, between the Company and Weichai America Corp. 99.1 Press Release announcing the $25 Million Third 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: May 21, 2024 By: /s/ Xun Li Xun Li Chief Financial Officer