{"schema_version":"secwatch.filing_event.v1","accession":"0001044777-25-000005","form_type":"8-K","ticker":"OSPN","cik":"0001044777","company_name":"OneSpan Inc.","filed_at":"2025-06-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.292783+00:00","generated_at":"2026-05-18T21:51:43.901355+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"OneSpan secures $100M revolving credit facility with MUFG Bank","bullets":["$100M revolving credit facility with MUFG Bank; matures June 23, 2030.","No borrowings outstanding at closing; proceeds for general corporate purposes.","Interest based on SOFR/prime rate plus margin 1.00%-2.50%; commitment fee 0.25%-0.30%.","Facility secured by substantially all assets of OneSpan and certain subsidiaries.","Includes letter-of-credit sublimit of $10M and customary covenants/default provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001044777-25-000005","json":"https://secwatch.observer/filing/0001044777-25-000005.json","markdown":"https://secwatch.observer/filing/0001044777-25-000005.md","text":"https://secwatch.observer/filing/0001044777-25-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1044777/000104477725000005/0001044777-25-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1044777/000104477725000005/ospn-20250623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T21:51:43.901355+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":"f4a85144d1eaff28f74fd7c67072c032973fa515","claim":"OneSpan Inc. incurred revolving credit of $100,000,000 with MUFG Bank, Ltd. at base rate or term SOFR plus applicable rate ranging from 1.00% to 2.50% maturing June 23, 2030.","evidence_excerpt":"of the Exchange Act. o ITEM 1.01 Entry into a Material Definitive Agreement On June 23, 2025, OneSpan Inc. (the “Company”) and certain subsidiaries of the Company entered into a $100,000,000 Credit Agreement (the “Credit Agreement”) with MUFG Bank, Ltd., as Administrative Agent, Swingline Lender and L/C Issuer (“MUFG”), and the lenders party thereto. The Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1044777/000104477725000005/0001044777-25-000005-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$100,000,000"},{"label":"Counterparty","value":"MUFG Bank, Ltd."},{"label":"Rate","value":"base rate or term SOFR plus applicable rate ranging from 1.00% to 2.50%"},{"label":"Maturity","value":"June 23, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}