{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-203857","form_type":"8-K","ticker":null,"cik":"0001835681","company_name":"POWERSCHOOL HOLDINGS, INC.","filed_at":"2023-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.599740+00:00","generated_at":"2026-06-12T06:25:27.293661+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PowerSchool adds $100M incremental term loans to finance SchoolMessenger acquisition","bullets":["Incurred $100M incremental term loans via Amendment No. 5 to First Lien Credit Agreement.","Proceeds used to fund acquisition of SM NewCo and SMessenger Technologies (SchoolMessenger).","Barclays Bank PLC served as sole 2023 Incremental Lender and Administrative Agent.","Incremental term loans are fungible with existing term loans under same terms and maturity.","Acquisition previously announced on July 10, 2023 under Equity Purchase Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-203857","json":"https://secwatch.observer/filing/0001193125-23-203857.json","markdown":"https://secwatch.observer/filing/0001193125-23-203857.md","text":"https://secwatch.observer/filing/0001193125-23-203857.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1835681/000119312523203857/0001193125-23-203857-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1835681/000119312523203857/d438868d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T06:25:27.293661+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":[{"claim_id":"38f8ab9b3c18312974624c6d8f863753a8de9339","claim":"POWERSCHOOL HOLDINGS, INC. incurred term loan of $100 million aggregate principal amount of incremental term loans with Barclays Bank PLC, as the administrative agent, and the lenders party thereto.","evidence_excerpt":"the Borrowers incurred an additional $100 million aggregate principal amount of incremental term loans (the \"Incremental Term Loans\") under its term loan facility (the \"Term Loan Facility\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1835681/000119312523203857/0001193125-23-203857-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$100 million aggregate principal amount of incremental term loans"},{"label":"Counterparty","value":"Barclays Bank PLC, as the administrative agent, and the lenders party thereto"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}