{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-045245","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.044510+00:00","generated_at":"2026-06-03T19:14:49.605180+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Advantage Solutions amends credit agreement, cuts term loan interest margins by 25 bps","bullets":["Third Amendment to First Lien Credit Agreement effective April 17, 2024 reduces interest margins on term loans.","Term SOFR margin reduced to 4.25% (previously 4.50%); Base Rate margin to 3.25% (previously 3.50%).","Resets 1.00% prepayment premium for six months for any prepayment linked to a Repricing Event.","Amendment applies to Advantage Sales & Marketing Inc. (subsidiary) and its parent Advantage Solutions Inc. (ADV).","No change to principal amount or maturity; only pricing and prepayment premium terms."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-045245","json":"https://secwatch.observer/filing/0000950170-24-045245.json","markdown":"https://secwatch.observer/filing/0000950170-24-045245.md","text":"https://secwatch.observer/filing/0000950170-24-045245.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/adv-20240417.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:14:49.605180+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":"659da8b49c2ff890bc6af5cab10937c453a79cc8","claim":"Advantage Solutions Inc. amended term loan with Bank of America, N.A. at reducing the applicable interest rate margin on the term loan (a) for Term SOFR.","evidence_excerpt":"The Third Amendment was entered into by the Borrower to amend certain terms and provisions, including: (i) reducing the applicable interest rate margin on the term loan (a) for Term SOFR Loans (as defined in the amended First Lien Credit Agreement), from 4.50% to 4.25% or (b) for Base Rate Loans (as defined in the amended First Lien Credit Agreement), from 3.50% to 3.25%; and (ii) resetting the period for six months following the Third Amendment Effective Date in which a 1.00% prepayment premium shall apply to any prepayment of the term loans in connection with a Repricing Event","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"reducing the applicable interest rate margin on the term loan (a) for Term SOFR"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"5f5b9248fab87a201fe4ec026cc22092ad7ff522","claim":"Advantage Solutions Inc. amended Third Amendment with Bank of America, N.A. (effective 2024-04-17).","evidence_excerpt":"On April 17, 2024 (the “ Third 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 Amendment No. 3 to the First Lien Credit Agreement (the “ Third Amendment ”), which amends the First Lien Credit Agreement, dated as of October 28, 2020","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024045245/0000950170-24-045245-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Effective","value":"2024-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}