---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-110564"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:24:29.773701+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems enters $1.3B revolving credit facility maturing 2029

## Summary
- Credit agreement provides $1.3B revolving facility, including $125M swingline and $125M letters of credit.
- Option to increase facility by up to $500M via revolving debt or incremental term loans.
- Maturity on October 18, 2029 (springing earlier if convertible debt matures and liquidity test not met).
- Interest at SOFR or ABR plus margin based on Net Leverage Ratio; commitment fee 0.2%–0.3% p.a.
- Covenants: Net Senior Secured Leverage ≤3.00x and Minimum Interest Coverage ≥3.00x; secured by substantially all assets.

## SEC filing metadata
- accession: 0001104659-24-110564
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465924110564/0001104659-24-110564-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465924110564/tm2426498d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-110564
- JSON: https://secwatch.observer/filing/0001104659-24-110564.json
- Plain text: https://secwatch.observer/filing/0001104659-24-110564.txt

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