{"schema_version":"secwatch.filing_event.v1","accession":"0000947871-22-001230","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2022-12-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.076416+00:00","generated_at":"2026-06-21T09:01:42.433449+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"medium","headline":"Advantage Solutions increases ABL revolver to $500M, extends maturity to Dec 2027","bullets":["Second Amendment to ABL Credit Agreement increases revolving commitments from $400M to $500M.","Maturity date extended to December 2, 2027, from prior date.","Interest rate benchmark switched to Term SOFR; pricing tier margins reduced by 0.25% per annum."],"urls":{"canonical":"https://secwatch.observer/filing/0000947871-22-001230","json":"https://secwatch.observer/filing/0000947871-22-001230.json","markdown":"https://secwatch.observer/filing/0000947871-22-001230.md","text":"https://secwatch.observer/filing/0000947871-22-001230.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000094787122001230/0000947871-22-001230-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000094787122001230/ss1571527_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T09:01:42.433449+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":"8b97d488fa6285aacefa33b3cc154bbfb39286b7","claim":"Advantage Solutions Inc. amended revolving credit of $500 million with Bank of America, N.A. at Term SOFR plus an applicable margin maturing December 2, 2027.","evidence_excerpt":"The ABL Amendment was entered into by the Borrower to amend certain terms and provisions of the ABL Agreement, including, among other things: (i) increasing the aggregate amount of maximum revolving commitments available from $400 million to $500 million; (ii) replacing the Eurocurrency Rate interest rate metric with a metric based on Term SOFR (as defined in the Amended ABL Agreement), whereby applicable borrowings in United States dollars will bear interest at a floating rate based on Term SOFR plus an applicable margin; (iii) reducing each applicable interest rate pricing tier based on the Average Historical Excess Availability (as defined in the Amended ABL Agreement) with respect to Term SOFR borrowings, Alternative Currency borrowings, base rate borrowings and Canadian Prime Rate borrowings, in each case for each pricing tier by 0.25% per annum; and (iv) extending the scheduled maturity date of the borrowings to December 2, 2027.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000094787122001230/0000947871-22-001230-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus an applicable margin"},{"label":"Maturity","value":"December 2, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"9a76ef6790c157383c3e7eefba46aa5f3d1f82d0","claim":"Advantage Solutions Inc. entered into Second Amendment to ABL Revolving Credit Agreement with Bank of America, N.A. valued at amended ABL agreement increasing revolving commitments from $400 million to $500 million, changing i (effective 2022-12-02).","evidence_excerpt":"On December 2, 2022 (the “ ABL Amendment Effective Date ”), Advantage Sales & Marketing Inc. (the “ Borrower ”), an indirect wholly-owned subsidiary of Advantage Solutions Inc. (the “ Company ”), together with Karman Intermediate Corp., a Delaware corporation (“ Holdings ”) and certain of the Borrower’s subsidiaries, entered into the Second Amendment to ABL Revolving Credit Agreement (the “ ABL Amendment ”), which amends the ABL Revolving Credit Agreement, dated as of October 28, 2020 (as amended, restated, supplemented, extended or otherwise modified prior to the ABL Amendment Effective Date, the “ ABL Agreement ”; the ABL Agreement, as amended by the ABL Amendment, the “ Amended ABL Agreement ”), by and among the Borrower, Holdings, the lenders from time to time party thereto and Bank of America, N.A. (“ Bank of America ”), as administrative agent, and the other parties thereto. The ABL Amendment was entered into by the Borrower to amend certain terms and provisions of the ABL Agreem","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000094787122001230/0000947871-22-001230-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"amended ABL agreement increasing revolving commitments from $400 million to $500 million, changing i"},{"label":"Effective","value":"2022-12-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}