{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-116616","form_type":"8-K","ticker":"ASUR","cik":"0000884144","company_name":"ASURE SOFTWARE INC","filed_at":"2026-10-16T20:15:27+00:00","discovered_at":"2026-10-16T20:16:00.214022+00:00","generated_at":"2026-10-16T20:16:12.912962+00:00","sec_items":["1.01","8.01","1.02","2.03","3.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Asure Software closes $115M MUFG credit facility and acquires SEUS payroll assets for $26.5M","bullets":["Entered $115M senior credit facility with MUFG: $85M term loan drawn at closing, $10M revolver, $20M delayed-draw term loan; initial rate 7.04249% (Term SOFR + 3.00%).","Term loan amortizes quarterly from April 1, 2027: 2.5% year 1, 5% years 2-3, 7.5% years 4-5; maturity Oct 15, 2031; leverage covenant ≤3.50x, fixed charge ≥1.25x.","Terminated MidCap Financial credit agreement, paying ~$62.6M payoff consisting of $60.2M principal/interest and $2.4M prepayment/termination fees.","Acquired SEUS payroll processing assets for $26.5M: $13.5M cash, $3.0M note due April 15, 2028 at 3.00%, and 1,206,141 shares valued at $8.29 ($10M).","Revolver and delayed-draw term loan undrawn at closing; proceeds also for Permitted Acquisitions and working capital; facility secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-116616","json":"https://secwatch.observer/filing/0001104659-26-116616.json","markdown":"https://secwatch.observer/filing/0001104659-26-116616.md","text":"https://secwatch.observer/filing/0001104659-26-116616.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/884144/000110465926116616/0001104659-26-116616-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/884144/000110465926116616/tm2627663d1_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-16T20:16:12.912962+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"}