{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-339104","form_type":"8-K","ticker":"BFAM","cik":"0001437578","company_name":"BRIGHT HORIZONS FAMILY SOLUTIONS INC.","filed_at":"2021-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:04:12.588331+00:00","generated_at":"2026-06-28T05:27:25.716213+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Bright Horizons refinances $1B in credit facilities with new $600M term B and $400M term A loans","bullets":["New $600M term B loan facility (seven-year) and $400M term A loan facility (five-year) entered on Nov 23, 2021.","Proceeds used to refinance all outstanding term loans under original credit agreement, plus fees and expenses.","Existing $400M revolving credit facility (matures May 2026) maintained unchanged.","Interest rates: term B at LIBOR+2.25% (Eurocurrency) with 0.50% floor; term A at LIBOR+1.50%-1.75% with 0.00% floor.","Mandatory prepayment provisions: 50% excess cash flow (step-downs based on leverage); 1.0% call premium on term B for repricing within six months."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-339104","json":"https://secwatch.observer/filing/0001193125-21-339104.json","markdown":"https://secwatch.observer/filing/0001193125-21-339104.md","text":"https://secwatch.observer/filing/0001193125-21-339104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437578/000119312521339104/0001193125-21-339104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437578/000119312521339104/d212344d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T05:27:25.716213+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"}