{"schema_version":"secwatch.filing_event.v1","accession":"0000866729-23-000002","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.314543+00:00","generated_at":"2026-06-18T23:05:00.306822+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Scholastic amends credit agreement to replace LIBOR with SOFR","bullets":["Amendments adjust SOFR credit spread adjustment to 0.10% (10 bps).","Reference rate transitions from LIBOR to SOFR (Daily Simple SOFR, Term SOFR, or Base Rate).","Applicable margins unchanged: 1.35% for SOFR loans, 0.35% for Base Rate loans.","Borrowers are Scholastic Corporation and Scholastic Inc.; lenders include Truist, Wells Fargo, Bank of America."],"urls":{"canonical":"https://secwatch.observer/filing/0000866729-23-000002","json":"https://secwatch.observer/filing/0000866729-23-000002.json","markdown":"https://secwatch.observer/filing/0000866729-23-000002.md","text":"https://secwatch.observer/filing/0000866729-23-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000002/0000866729-23-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000002/schl-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:05:00.306822+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":[{"claim_id":"67d2d13c7d6e419aca01a917e8e6ff5c5bb80cda","claim":"SCHOLASTIC CORP amended First and Second Amendments to its Amended and Restated Credit Agreement with the lenders, Truist Bank, Wells Fargo Bank, National Association, and Bank of America, N.A. (effective 2023-02-28).","evidence_excerpt":"On February 28, 2023, Scholastic Corporation (the “Corporation”) and its principal operating subsidiary, Scholastic Inc., as borrowers, entered into the First and Second Amendments to its Amended and Restated Credit Agreement dated as of October 27, 2021 (the “Credit Agreement”) with the lenders from time to time party thereto, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents and Bank of America, N.A., as administrative agent (collectively the \"Amendments\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000002/0000866729-23-000002-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders, Truist Bank, Wells Fargo Bank, National Association, and Bank of America, N.A."},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}