---
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"
generated_at: "2026-06-12T06:25:27.293661+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PowerSchool adds $100M incremental term loans to finance SchoolMessenger acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-203857
- form_type: 8-K
- cik: 0001835681
- company_name: POWERSCHOOL HOLDINGS, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-203857
- JSON: https://secwatch.observer/filing/0001193125-23-203857.json
- Plain text: https://secwatch.observer/filing/0001193125-23-203857.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $100 million aggregate principal amount of incremental term loans
  - Counterparty: Barclays Bank PLC, as the administrative agent, and the lenders party thereto
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1835681/000119312523203857/0001193125-23-203857-index.htm

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