Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BENTLEY SYSTEMS INC amended Sixth Amendment to Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-06-23).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association, as administrative agent, and the lenders party thereto
- Effective
- 2023-06-23
Exact text from the filing
On June 21, 2023, Bentley Systems, Incorporated (the “ Company ”) entered into a Sixth Amendment to Amended and Restated Credit Agreement by and among the Company, certain of its subsidiaries, PNC Bank, National Association, as administrative agent, and the lenders party thereto (“ Sixth Amendment ”) in connection with the Amended and Restated Credit Agreement, dated as of December 19, 2017, by and among the Company, PNC Bank, National Association, as administrative agent, and the lenders from time to time party thereto (as previously amended, the “ Credit Facility ”). The Sixth Amendment, which is effective as of June 23, 2023, replaces the interest rates based on the London Interbank Offered Rate (“ LIBOR ”) and related LIBOR-based mechanics applicable to borrowings under the Credit Facility with interest rates based on the forward-looking Secured Overnight Financing Rate (“ SOFR ”) and related SOFR-based mechanics, and updates certain other provisions of the Credit Facility to refle
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