secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001104659-23-074251
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems amends credit facility to transition from LIBOR to SOFR effective June 23, 2023
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- Sixth Amendment replaces LIBOR with forward-looking SOFR for USD borrowings under existing credit agreement.
- Effective June 23, 2023; borrowings during interim period limited to one-month interest periods.
- No material financial impact disclosed; amendment is an administrative benchmark transition.
- Loan parties reaffirm existing obligations and security; no default occurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000110465923074251/0001104659-23-074251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000110465923074251/tm2319435d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-074251

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