---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-049444"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2026-04-27T23:59:59+00:00"
generated_at: "2026-05-15T03:40:43.372934+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems adds $550M senior secured term loan, matures Oct 2029

## Summary
- New $550M term loan entered on Apr 23, 2026 under Second Amended and Restated Credit Agreement.
- Matures Oct 18, 2029, subject to springing maturity 91 days prior to convertible debt maturity unless liquidity test met.
- Interest at Alternate Base Rate or Term SOFR plus margin based on Net Leverage Ratio; no prepayment premium.
- Quarterly amortization of 1.25% of initial principal begins June 30, 2027; full balance due at maturity.
- Lenders include PNC Bank, Bank of America, TD Bank, Mizuho, HSBC, RBC, and M&T Bank.

## SEC filing metadata
- accession: 0001104659-26-049444
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2026-04-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465926049444/0001104659-26-049444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465926049444/tm2612602d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-049444
- JSON: https://secwatch.observer/filing/0001104659-26-049444.json
- Plain text: https://secwatch.observer/filing/0001104659-26-049444.txt

## Source-grounded claims
- claim_id: 1a5b8992cf50866ae00a99d54f042d320537e56e
  claim: BENTLEY SYSTEMS INC amended First Amendment and Incremental Facility Agreement with PNC Bank, National Association, as administrative agent valued at $550 million senior secured term loan maturing October 18, 2029, with interest at Alternate Base Rat (effective 2026-04-23).
  evidence_excerpt: On April 23, 2026, Bentley Systems, Incorporated (the “ Company ”) entered into a First Amendment and Incremental Facility Agreement, dated as of April 23, 2026 (the “ First Amendment ”), by and among the Company, the subsidiary loan parties thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent, which amends that certain Second Amended and Restated Credit Agreement, dated as of October 18, 2024 (the “ Credit Agreement ”), by and among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031308/000110465926049444/0001104659-26-049444-index.htm

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