secwatch.observer — SEC 8-K summary
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Issuer:     FORRESTER RESEARCH, INC. (FORR)
CIK:        0001023313
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001193125-21-364985
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forrester increases revolving credit facility to $150M, extends maturity to Dec 2026
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- Revolving commitments raised from $75M to $150M; existing term loan facility eliminated.
- Maturity extended to December 2026; interest margins reduced to 1.25%-1.75% (LIBOR) and 0.25%-0.75% (base rate).
- Commitment fee on undrawn amounts reduced to 0.30%-0.20% based on leverage ratio.
- New minimum consolidated interest coverage ratio of 3.50:1.00 replaces minimum fixed charge coverage ratio.
- Capital expenditure covenant added with $25M annual HQ exception and $20M general basket exception.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023313/000119312521364985/0001193125-21-364985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023313/000119312521364985/d270867d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-364985

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer