---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-154297"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2021-12-29T23:59:59+00:00"
generated_at: "2026-06-27T21:51:27.440863+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems adds $200M term loan, extends maturity to Nov 2025

## Summary
- New $200M senior secured term loan due Nov 15, 2025; amortizes 2.5% p.a. for first 2 years, 5% p.a. for next 2 years.
- Incremental facility capacity raised to $200M for both revolving and term loan commitments.
- Net leverage ratio covenant increased foreign unrestricted cash deduction from 65% to 100%.
- Immaterial subsidiaries (<5% revenue/assets) exempted from guarantee and pledge requirements.
- Swingline loans in EUR and GBP suspended until LIBOR replacement benchmark selected.

## SEC filing metadata
- accession: 0001104659-21-154297
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2021-12-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465921154297/0001104659-21-154297-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465921154297/tm2136399d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-154297
- JSON: https://secwatch.observer/filing/0001104659-21-154297.json
- Plain text: https://secwatch.observer/filing/0001104659-21-154297.txt

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