Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
POWERSCHOOL HOLDINGS, INC. incurred revolving credit of $400 million with Barclays Bank PLC, as the administrative agent at prime rate, plus a margin ranging from 1.75% to 2.25%, based on Holdings' consol maturing May 2, 2027.
- Instrument
- revolving credit
- Principal
- $400 million
- Counterparty
- Barclays Bank PLC, as the administrative agent
- Rate
- prime rate, plus a margin ranging from 1.75% to 2.25%, based on Holdings' consol
- Maturity
- May 2, 2027
- Event
- incurrence
Exact text from the filing
incurred new revolving commitments in an aggregate principal amount of $400 million (the "2023 Refinancing Revolving Commitments")
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
POWERSCHOOL HOLDINGS, INC. incurred term loan of approximately $838 million with Barclays Bank PLC, as the administrative agent at prime rate, plus a margin ranging from 2.00% to 2.25%, based on Holdings' consol maturing August 1, 2027.
- Instrument
- term loan
- Principal
- approximately $838 million
- Counterparty
- Barclays Bank PLC, as the administrative agent
- Rate
- prime rate, plus a margin ranging from 2.00% to 2.25%, based on Holdings' consol
- Maturity
- August 1, 2027
- Event
- incurrence
Exact text from the filing
the Borrowers (i) incurred term loans in an aggregate principal amount of approximately $838 million (the "2023 Refinancing Term Loans")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
POWERSCHOOL HOLDINGS, INC. entered into Incremental and Refinancing Amendment No. 6 to the First Lien Credit Agreement with Barclays Bank PLC valued at $838 million term loans and $400 million revolving commitments (effective 2023-10-12).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- $838 million term loans and $400 million revolving commitments
- Effective
- 2023-10-12
Exact text from the filing
On October 12, 2023, PowerSchool Holdings LLC (f/k/a Severin Holdings, LLC) (“Holdings”), Severin Acquisition, LLC (the “Top Borrower”), and PeopleAdmin, LLC (the “PA Borrower” and together with the Top Borrower, the “Borrowers”), each a subsidiary of PowerSchool Holdings, Inc. (the “Company”), entered into the Incremental and Refinancing Amendment No. 6 to the First Lien Credit Agreement (“Amendment No. 6”), by and among Holdings, the Borrowers, the subsidiaries of the Company party thereto (the “Subsidiary Guarantors”), Barclays Bank PLC, as the administrative agent (in such capacity, the “Administrative Agent”), and the banks, financial institutions and other entities referred therein as the “2023 Lenders.”
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