---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-113213"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:40:59.027279+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# PTC amends credit agreement; springing maturity condition tied to $600M liquidity threshold

## Summary
- Amendment No. 1 to Credit Agreement executed Oct 1, 2024, modifying Springing Maturity Date definition.
- Springing Maturity Date (Nov 16, 2024) avoided if Available Liquidity >= $600M on that date.
- Available Liquidity defined as unrestricted cash, cash equivalents, readily marketable securities, and available revolving commitments.
- Alternative avoidance: if 2025 Senior Notes are repaid, redeemed, or refinanced before Nov 16, 2024.

## SEC filing metadata
- accession: 0000950170-24-113213
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000095017024113213/0000950170-24-113213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000095017024113213/ptc-20241001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-113213
- JSON: https://secwatch.observer/filing/0000950170-24-113213.json
- Plain text: https://secwatch.observer/filing/0000950170-24-113213.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.