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AI brief of an SEC Form 8-K · POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)

PSI Enters $220 Million Revolving Credit Agreement, Replacing $135 Million Facility

Positive Impact 3 of 5 financing Written later

Power Solutions International (PSI) entered a new $220 million committed revolving credit agreement with HSBC as administrative agent, maturing September 25, 2029, and used part of it to repay in full its prior $135 million facility with Standard Chartered Bank. The new facility carries a lower borrowing spread of SOFR plus 1.80% versus SOFR plus 2.60% under the prior facility, and the company borrowed $35.0 million at closing, which shareholders may track as new debt secured by substantially all company and guarantor assets.

Key points

  • Committed capacity rises from $135 million to $220 million, with a $70 million letter of credit sublimit and expiry on September 25, 2029.
  • Borrowing rate is SOFR plus 1.80% per annum, down from SOFR plus 2.60% under the prior facility.
  • The company borrowed $35.0 million at closing and repaid about $15.1 million under the prior facility, with no early termination penalties.
  • Covenants require an interest coverage ratio of at least 3.00 to 1.00 and a leverage ratio of no more than 3.00 to 1.00, tested quarterly; a change of control default applies under specified Weichai conditions.

The filing

CompanyPOWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
Form8-K, current report
Filed with the SECSep 30, 2026, 8:12 AM ET
Accession number0001193125-26-408371

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.