{"schema_version":"secwatch.filing_event.v1","accession":"0000708821-24-000067","form_type":"8-K","ticker":"PAR","cik":"0000708821","company_name":"PAR TECHNOLOGY CORP","filed_at":"2024-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.655988+00:00","generated_at":"2026-05-31T21:54:00.951747+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PAR Tech enters $90M credit facility to fund TASK acquisition; close expected July 18","bullets":["Initial aggregate principal amount of $90.0 million term loan from Blue Owl Capital-led lender group.","Proceeds to partially fund TASK Group Holdings acquisition; all conditions satisfied, close on July 18, 2024.","Interest rate: ABR + 3.50-4.50% or SOFR + 4.50-5.50% based on total net annual recurring revenue leverage ratio.","Maturity on July 5, 2029 or earlier upon maturity of 2027 Convertible Senior Notes.","Financial covenants: minimum liquidity $20M, total net ARR leverage ratio ≤ 1.25x; secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0000708821-24-000067","json":"https://secwatch.observer/filing/0000708821-24-000067.json","markdown":"https://secwatch.observer/filing/0000708821-24-000067.md","text":"https://secwatch.observer/filing/0000708821-24-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/708821/000070882124000067/0000708821-24-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/708821/000070882124000067/par-20240705.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:54:00.951747+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}