{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-184277","form_type":"8-K","ticker":null,"cik":"0001459417","company_name":"2U, Inc.","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.113514+00:00","generated_at":"2026-05-31T16:15:12.248033+00:00","sec_items":["1.01","1.03","2.04","5.2","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"2U files for Chapter 11 bankruptcy; plan cancels existing equity, converts noteholders to full ownership","bullets":["Voluntary Chapter 11 petitions filed July 25, 2024; prepackaged plan funded by noteholder RSA.","Existing equity interests will be cancelled; 100% of new common equity issued to convertible noteholders.","Equity rights offering for at least $46.5M backstopped by consenting noteholders.","DIP facility of up to $64M secured with junior lien; matures 6 months after petition date.","Aggregate debt outstanding: ~$380M (2025 notes), ~$147M (2030 notes), ~$414M (first lien credit agreement)."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-184277","json":"https://secwatch.observer/filing/0001193125-24-184277.json","markdown":"https://secwatch.observer/filing/0001193125-24-184277.md","text":"https://secwatch.observer/filing/0001193125-24-184277.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/0001193125-24-184277-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/d875063d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:15:12.248033+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":"f6f89b82012139697bccc3a1ea1524fe2ab4d06f","claim":"2U, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2024-07-25).","evidence_excerpt":"on July 25, 2024 (the “ Petition Date ”), the Company commenced voluntary cases (collectively, the “ Chapter 11 Cases ”) under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of New York (the “ Bankruptcy Court ”) providing for a court-administered reorganization pursuant to the Plan.","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1459417/000119312524184277/0001193125-24-184277-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of New York"},{"label":"Petition","value":"2024-07-25"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}