secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2026-04-27T23:59:59+00:00
Accession:  0001104659-26-049444
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000110465926049444/0001104659-26-049444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000110465926049444/tm2612602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-049444

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