{"schema_version":"secwatch.filing_event.v1","accession":"0000884144-21-000013","form_type":"8-K","ticker":"ASUR","cik":"0000884144","company_name":"ASURE SOFTWARE INC","filed_at":"2021-09-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:21.067759+00:00","generated_at":"2026-06-29T03:21:56.686042+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Asure Software enters $50M term loan facility, borrows initial $30M","bullets":["Loan & Security Agreement with Structural Capital for up to $50M; $30M drawn at closing on Sept 10, 2021.","Interest rate = greater of 9.0% or Prime +5.75%, plus PIK interest of 1.00%-1.25% based on ARR ratio.","Interest-only payments through Oct 1, 2023 (extendable to Oct 1, 2024 if $8M EBITDA or $90M ARR achieved).","Proceeds used to repay ~$9.925M Wells Fargo facility, with remainder for growth and acquisitions.","Maturity Oct 1, 2025; financial covenants apply only if net cash position < $0."],"urls":{"canonical":"https://secwatch.observer/filing/0000884144-21-000013","json":"https://secwatch.observer/filing/0000884144-21-000013.json","markdown":"https://secwatch.observer/filing/0000884144-21-000013.md","text":"https://secwatch.observer/filing/0000884144-21-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884144/000088414421000013/0000884144-21-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884144/000088414421000013/asur-20210910.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T03:21:56.686042+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"}