{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-103936","form_type":"8-K","ticker":"VCTR","cik":"0001570827","company_name":"Victory Capital Holdings, Inc.","filed_at":"2026-08-31T20:50:51+00:00","discovered_at":"2026-08-31T20:52:00.650213+00:00","generated_at":"2026-08-31T20:52:19.007893+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Victory Capital to acquire First Eagle; $3.5B term loan and $950M bridge financing","bullets":["Acquiring First Eagle via two-step merger for cash, 4.9% of Victory common stock, and convertible preferred","Financing: $3.5B incremental term loan, $200M revolver, $950M bridge from BofA and RBC","Closing requires HSR clearance, client consents ≥75% of base revenue run-rate, stockholder approval; outside date May 25, 2027","If stockholder approval fails, stock consideration capped at 19.9%, balance in 8% cumulative perpetual preferred (steps to 15%)","Genstar to get board seats (2 at ≥50% ownership, 1 at ≥33%) and 3-year lock-up"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-103936","json":"https://secwatch.observer/filing/0001104659-26-103936.json","markdown":"https://secwatch.observer/filing/0001104659-26-103936.md","text":"https://secwatch.observer/filing/0001104659-26-103936.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926103936/0001104659-26-103936-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1570827/000110465926103936/tm2624030d6_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-31T20:52:19.007893+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}