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AI brief of an SEC Form 8-K · Champion Homes (SKY)

Champion Homes extends $200 million credit facility maturity to July 2030

Neutral Impact 3 of 5 financing Written later

Champion Homes and its subsidiary Champion Home Builders entered a Second Amended and Restated Credit Agreement with Wells Fargo Bank as administrative agent, dated July 28, 2025. The agreement replaces the company's existing 2021 credit agreement and provides a $200 million revolving credit facility, with the maturity extended from July 2026 to July 2030. The facility is secured by a first priority interest in substantially all assets, and its covenants include a maximum net leverage ratio and a minimum interest coverage ratio.

Key points

  • Facility size: $200 million revolving credit, including a $45 million letter of credit sub-facility
  • Maturity extended from July 2026 to July 2030 under the agreement dated July 28, 2025
  • Pricing ranges from Term SOFR plus 1.125% to 1.875%, or the alternate base rate plus 0.125% to 0.875%, depending on net leverage; unused fee of 0.15% to 0.30%
  • Covenants: maximum net leverage of 3.25 to 1.00 (3.75 to 1.00 after a material acquisition) and minimum interest coverage of 3.00 to 1.00

The filing

CompanyChampion Homes (SKY)
Form8-K, current report
Filed with the SECJul 29, 2025, 4:15 PM ET
Accession number0000950170-25-099643

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 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 July 29, 2025.

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.