Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Latham Group, Inc. (SWIM)

Latham Group signs $375 million credit facilities, replacing its 2022 loan agreement

Neutral Impact 4 of 5 financing Written later

Latham Group subsidiaries entered into a new Credit Agreement on August 20, 2026, providing a $75 million revolving credit line and a $300 million term loan from Jefferies Finance LLC as administrative agent. Proceeds were used to repay and terminate the existing February 23, 2022 credit agreement with Barclays Bank PLC. The new debt is secured by substantially all assets of the borrower and guarantors, and the filing does not state a change in total debt beyond the facilities themselves.

Key points

  • Revolving credit line of $75 million, maturing August 20, 2031, with interest based on SOFR, CORRA, EURIBOR or BBSY plus margins of 2.25% to 3.50%
  • Term loan of $300 million, maturing August 20, 2033, priced at Term SOFR plus 4.00% or Alternate Base Rate plus 3.00%, with 0.25% quarterly amortization
  • Proceeds used to repay and terminate the Credit and Guaranty Agreement dated February 23, 2022 with Barclays Bank PLC as agent
  • Springing maximum First Lien Net Leverage Ratio of 5.20:1.00 applies if revolver usage exceeds 40% of commitments at quarter-end

The filing

CompanyLatham Group, Inc. (SWIM)
Form8-K, current report
Filed with the SECAug 21, 2026, 8:41 AM ET
Accession number0001833197-26-000036

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

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:45 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 August 21, 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.