secwatch.observer — SEC 8-K summary
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Issuer:     CCC Intelligent Solutions Holdings Inc. (CCC)
CIK:        0001818201
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001193125-24-224074
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

CCC amends credit facility: removes SOFR spread, cuts rates 0.25%, extends maturity to 2029
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- SOFR credit spread adjustment removed entirely; base rate and SOFR margins each reduced by 0.25%.
- New margins: base rate 0.75%-1.25%, SOFR 1.75%-2.25%, based on leverage ratio.
- Revolving facility maturity extended to September 23, 2029, with springing maturity tied to term loans.
- Amendment applies to existing $234M+ initial term loans and revolving credit facility.
- Effective September 23, 2024; terms improve borrowing cost and extend debt runway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818201/000119312524224074/0001193125-24-224074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818201/000119312524224074/d857976d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-224074

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