{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-270026","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2024-12-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.180164+00:00","generated_at":"2026-05-29T10:46:33.673140+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Scholastic amends credit facility: $400M revolver, extended maturity to 2029, removes Term SOFR credit spread","bullets":["$400M unsecured revolving credit facility with maturity extended to November 26, 2029; accordion feature permits $150M increase.","Term SOFR credit spread adjustment of 0.10% eliminated; applicable margins now range 1.625%-1.875% for Term SOFR.","Unlimited dividends and share repurchases allowed if pro forma net leverage ratio ≤ 2.75:1 (previously more restrictive).","One-time waiver of potential default for TUTI Books contract under Iranian Transactions Sanctions general license.","Additional lenders added: HSBC, Fifth Third, Citibank, etc. as co-agents; Bank of America remains administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-270026","json":"https://secwatch.observer/filing/0001193125-24-270026.json","markdown":"https://secwatch.observer/filing/0001193125-24-270026.md","text":"https://secwatch.observer/filing/0001193125-24-270026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000119312524270026/0001193125-24-270026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000119312524270026/d916617d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T10:46:33.673140+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}