{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-25-002961","form_type":"8-K","ticker":"PXED","cik":"0001600222","company_name":"Phoenix Education Partners, Inc.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.880749+00:00","generated_at":"2026-05-16T20:22:30.536091+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Phoenix Education Partners secures $100M revolving credit facility due 2030","bullets":["Senior secured revolving credit facility of $100 million, maturing November 13, 2030.","Interest at SOFR plus 2.50% or base rate plus 1.50%; commitment fee 0.375% on undrawn amounts.","Proceeds for general corporate purposes, including letters of credit; Morgan Stanley Senior Funding as admin agent.","Covenants include max net first lien leverage ratio of 2.50:1 if funded loans exceed 35% of commitments.","Guaranteed by material domestic subsidiaries; secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-25-002961","json":"https://secwatch.observer/filing/0000950142-25-002961.json","markdown":"https://secwatch.observer/filing/0000950142-25-002961.md","text":"https://secwatch.observer/filing/0000950142-25-002961.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1600222/000095014225002961/0000950142-25-002961-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1600222/000095014225002961/eh250704660_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:22:30.536091+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"}