---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-255056"
form_type: "8-K"
ticker: null
cik: "0001835681"
company_name: "POWERSCHOOL HOLDINGS, INC."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:57:26.080117+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PowerSchool refinances $838M term loans, ups revolver by $111M to $400M

## Summary
- Incurs $838M 2023 Refinancing Term Loans maturing Aug 1, 2027; refinances all existing term loans.
- New $400M revolving commitments (up from $289M), maturing May 2, 2027.
- Interest rate: term loans SOFR+3.00%-3.25% or prime+2.00%-2.25%; revolvers SOFR+2.75%-3.25% or prime+1.75%-2.25%.
- Includes 1% soft call premium on 2023 Refinancing Term Loans for repricing within six months.
- Subsidiaries guarantee and pledge substantially all assets as collateral.

## SEC filing metadata
- accession: 0001193125-23-255056
- form_type: 8-K
- cik: 0001835681
- company_name: POWERSCHOOL HOLDINGS, INC.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/0001193125-23-255056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/d558033d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-255056
- JSON: https://secwatch.observer/filing/0001193125-23-255056.json
- Plain text: https://secwatch.observer/filing/0001193125-23-255056.txt

## Key facts
- Debt Financings
  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
  source text: incurred new revolving commitments in an aggregate principal amount of $400 million (the "2023 Refinancing Revolving Commitments")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/0001193125-23-255056-index.htm
- Debt Financings
  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
  source text: the Borrowers (i) incurred term loans in an aggregate principal amount of approximately $838 million (the "2023 Refinancing Term Loans")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/0001193125-23-255056-index.htm
- Material Agreements
  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
  source text: 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.”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/0001193125-23-255056-index.htm

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