{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-102016","form_type":"8-K","ticker":"FA","cik":"0001210677","company_name":"FIRST ADVANTAGE CORP","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.509425+00:00","generated_at":"2026-05-17T21:22:04.207480+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"First Advantage reduces interest rates on term loan and revolver by 0.50% via Amendment No. 5","bullets":["Reduced term loan interest rate by 0.50% to 2.50%-2.75% plus SOFR on facility due October 31, 2031.","Reduced revolver interest rate by 0.50% to 2.25%-2.75% plus SOFR on $250M facility due October 31, 2029.","Amendment No. 5 entered on July 30, 2025 by First Advantage Holdings, LLC with Bank of America as administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-102016","json":"https://secwatch.observer/filing/0000950170-25-102016.json","markdown":"https://secwatch.observer/filing/0000950170-25-102016.md","text":"https://secwatch.observer/filing/0000950170-25-102016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1210677/000095017025102016/0000950170-25-102016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1210677/000095017025102016/fa-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:22:04.207480+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":"7e6e66d8c592d5ad172d2574a02b3461f7baa675","claim":"FIRST ADVANTAGE CORP amended term loan with Bank of America, N.A. at 2.50% to 2.75%, based on the first lien ratio, plus SOFR maturing October 31, 2031.","evidence_excerpt":"reduced the interest rate on the term loan facility due October 31, 2031 by 0.50% to a range of 2.50% to 2.75%, based on the first lien ratio, plus SOFR","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017025102016/0000950170-25-102016-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":"2.50% to 2.75%, based on the first lien ratio, plus SOFR"},{"label":"Maturity","value":"October 31, 2031"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"aa44a621b6f7933ca023f04810c24309b7833e90","claim":"FIRST ADVANTAGE CORP amended revolving credit of $250.0 million with Bank of America, N.A. at 2.25% to 2.75%, based on the first lien ratio, plus SOFR maturing October 31, 2029.","evidence_excerpt":"reduced the interest rate on the $250.0 million revolving credit facility due October 31, 2029 by 0.50% to a range of 2.25% to 2.75%, based on the first lien ratio, plus SOFR","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1210677/000095017025102016/0000950170-25-102016-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$250.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"2.25% to 2.75%, based on the first lien ratio, plus SOFR"},{"label":"Maturity","value":"October 31, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}