{"schema_version":"secwatch.filing_event.v1","accession":"0000876167-22-000034","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2022-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:04:10.117421+00:00","generated_at":"2026-06-27T15:14:16.983606+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Progress Software enters amended $575M credit facility, lowering costs and expanding capacity","bullets":["New facility includes a $275M senior secured term loan and a $300M revolving credit line, replacing the 2019 facility.","Facility matures January 25, 2027; may be incrementally expanded by at least $260M subject to leverage tests.","CFO Anthony Folger says the amended facility lowers costs and provides greater flexibility for growth strategy.","Interest rates range from 1.00%-2.00% above Term Benchmark Rate or 0.00%-1.00% above base rate, based on leverage."],"urls":{"canonical":"https://secwatch.observer/filing/0000876167-22-000034","json":"https://secwatch.observer/filing/0000876167-22-000034.json","markdown":"https://secwatch.observer/filing/0000876167-22-000034.md","text":"https://secwatch.observer/filing/0000876167-22-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000087616722000034/0000876167-22-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000087616722000034/prgs-20220125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T15:14:16.983606+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"}