{"filing":{"accession_number":"0002048951-26-000030","cik":"0002048951","ticker":"LOKVU","company_name":"Teamshares Inc","form":"8-K","filing_date":"2026-10-19","report_date":"2026-10-16","primary_document":"tms-20261016.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2048951/000204895126000030/tms-20261016.htm"},"events":[{"id":35970,"run_id":33159,"accession_number":"0002048951-26-000030","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Teamshares entered into a new $130 million senior secured term loan facility arranged by Sound Point Capital affiliates, maturing in October 2030 at SOFR + 9.50%, to refinance and repay a $150 million legacy credit facility. The refinancing is expected to reduce annual interest expense by approximately $5 million and addresses near-term maturity concerns while enabling acquisition growth.","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19","form":"8-K","submitted_at":null,"items":[{"id":40213,"accession_number":"0002048951-26-000030","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Teamshares entered into a $130 million senior secured term loan facility on October 16, 2026, creating a new direct financial obligation. The filing discloses the full terms of the credit agreement, including interest rate (SOFR + 9.50%), maturity date (October 2030), quarterly amortization schedule, and security interests. This is a material debt issuance used to refinance and repay existing indebtedness, as confirmed by the press release stating the company \"repaid a $150 million legacy credit facility in full with a new $130 million, four-year term loan.\"","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40214,"accession_number":"0002048951-26-000030","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses termination of a legacy $150 million credit facility and simultaneous entry into a new $130 million term loan arranged by Sound Point Capital affiliates, maturing in 4Q 2030. While Item 1.02 focuses on termination, the substance of the transaction is a material refinancing—the creation of a new direct financial obligation with improved terms (9.5% spread vs. 11% previously, expected $5 million annual interest savings). The press release emphasizes this as a strategic financing milestone addressing near-term maturity and enabling acquisition growth, making the new debt issuance the principal material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40215,"accession_number":"0002048951-26-000030","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Teamshares entered into a new $130 million, four-year term loan arranged by Sound Point Capital affiliates to refinance and repay a $150 million legacy credit facility. This represents the creation of a direct financial obligation—a material debt issuance—with specific terms (9.5% floating-rate spread above SOFR, maturity 4Q 2030) and expected annual interest savings of approximately $5 million. The transaction is disclosed under Item 2.03 and is material to investors assessing the company's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40216,"accession_number":"0002048951-26-000030","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The primary event disclosed is the issuance of a new $130 million term loan maturing in 4Q 2030, arranged by Sound Point Capital affiliates, which refinances and replaces a $150 million legacy credit facility. While Item 3.03 addresses restrictions on dividend payments and equity repurchases imposed by the new Credit Agreement, the substantive transaction is the creation of a new direct financial obligation (the Term Loan). The press release confirms this is a material refinancing that reduces interest expense by ~$5 million annually and addresses a near-term maturity, making it a debt_issuance event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"","ticker":null,"filing_date":""},{"id":40217,"accession_number":"0002048951-26-000030","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Teamshares announced entry into a new $130 million, four-year term loan arranged by Sound Point Capital affiliates to repay a $150 million legacy credit facility. This is a material creation of a direct financial obligation—a new debt instrument with specific terms (9.5% floating-rate spread above SOFR, maturity 4Q 2030)—that refinances existing debt and materially affects the company's capital structure and interest expense. The press release emphasizes this as a strategic financing milestone addressing near-term maturities and reducing annual interest expense by approximately $5 million.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":40213,"accession_number":"0002048951-26-000030","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Teamshares entered into a $130 million senior secured term loan facility on October 16, 2026, creating a new direct financial obligation. The filing discloses the full terms of the credit agreement, including interest rate (SOFR + 9.50%), maturity date (October 2030), quarterly amortization schedule, and security interests. This is a material debt issuance used to refinance and repay existing indebtedness, as confirmed by the press release stating the company \"repaid a $150 million legacy credit facility in full with a new $130 million, four-year term loan.\"","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19"},{"id":40214,"accession_number":"0002048951-26-000030","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The filing discloses termination of a legacy $150 million credit facility and simultaneous entry into a new $130 million term loan arranged by Sound Point Capital affiliates, maturing in 4Q 2030. While Item 1.02 focuses on termination, the substance of the transaction is a material refinancing—the creation of a new direct financial obligation with improved terms (9.5% spread vs. 11% previously, expected $5 million annual interest savings). The press release emphasizes this as a strategic financing milestone addressing near-term maturity and enabling acquisition growth, making the new debt issuance the principal material event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19"},{"id":40215,"accession_number":"0002048951-26-000030","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Teamshares entered into a new $130 million, four-year term loan arranged by Sound Point Capital affiliates to refinance and repay a $150 million legacy credit facility. This represents the creation of a direct financial obligation—a material debt issuance—with specific terms (9.5% floating-rate spread above SOFR, maturity 4Q 2030) and expected annual interest savings of approximately $5 million. The transaction is disclosed under Item 2.03 and is material to investors assessing the company's capital structure and financial obligations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19"},{"id":40216,"accession_number":"0002048951-26-000030","item_number":"3.03","item_title":"Material Modification to Rights of Security Holders.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The primary event disclosed is the issuance of a new $130 million term loan maturing in 4Q 2030, arranged by Sound Point Capital affiliates, which refinances and replaces a $150 million legacy credit facility. While Item 3.03 addresses restrictions on dividend payments and equity repurchases imposed by the new Credit Agreement, the substantive transaction is the creation of a new direct financial obligation (the Term Loan). The press release confirms this is a material refinancing that reduces interest expense by ~$5 million annually and addresses a near-term maturity, making it a debt_issuance event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19"},{"id":40217,"accession_number":"0002048951-26-000030","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Teamshares announced entry into a new $130 million, four-year term loan arranged by Sound Point Capital affiliates to repay a $150 million legacy credit facility. This is a material creation of a direct financial obligation—a new debt instrument with specific terms (9.5% floating-rate spread above SOFR, maturity 4Q 2030)—that refinances existing debt and materially affects the company's capital structure and interest expense. The press release emphasizes this as a strategic financing milestone addressing near-term maturities and reducing annual interest expense by approximately $5 million.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-19T12:17:48.911370+00:00","company_name":"Teamshares Inc","ticker":"LOKVU","filing_date":"2026-10-19"}]}