---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-245609"
form_type: "8-K"
ticker: "LPRO"
cik: "0001806201"
company_name: "Open Lending Corp"
filed_at: "2022-09-15T23:59:59+00:00"
generated_at: "2026-06-23T09:28:10.165582+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Open Lending amends credit agreement for $300M facilities; maturity extended to 2027

## Summary
- Establishes $150M Term A Loan and upsizes revolving facility by $100M to $150M total.
- Maturities of both term loan and revolving facility extended to September 9, 2027.
- LIBOR replaced with SOFR as interest rate benchmark; margins and unused fees reduced.
- Net leverage ratio covenant step-down extended to September 30, 2024; amortization increase delayed to December 31, 2024.
- Proceeds used to repay existing debt, pay transaction costs, and for working capital.

## SEC filing metadata
- accession: 0001193125-22-245609
- form_type: 8-K
- ticker: LPRO
- cik: 0001806201
- company_name: Open Lending Corp
- filed_at: 2022-09-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806201/000119312522245609/0001193125-22-245609-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806201/000119312522245609/d356460d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-245609
- JSON: https://secwatch.observer/filing/0001193125-22-245609.json
- Plain text: https://secwatch.observer/filing/0001193125-22-245609.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.