secwatch.observer — SEC 8-K summary
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Issuer:     POWERSCHOOL HOLDINGS, INC. (—)
CIK:        0001835681
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001193125-23-255056
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/0001193125-23-255056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835681/000119312523255056/d558033d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-255056

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