{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-086264","form_type":"8-K","ticker":"BFAM","cik":"0001437578","company_name":"BRIGHT HORIZONS FAMILY SOLUTIONS INC.","filed_at":"2025-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.297386+00:00","generated_at":"2026-05-23T10:07:06.543970+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bright Horizons refinances $362.5M term loans with $900M revolving facility","bullets":["New $900M revolving loan facility; $362.5M drawn plus cash repaid all Term A Loans.","Interest rate: Base Rate +0.25%-0.75% or Term SOFR +1.25%-1.75%.","Maturity is August 24, 2028, based on Material Indebtedness maturity.","Covenant: max consolidated first lien net leverage ratio of 4.25:1.00.","Amendment executed April 17, 2025; proceeds also paid related fees and expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-086264","json":"https://secwatch.observer/filing/0001193125-25-086264.json","markdown":"https://secwatch.observer/filing/0001193125-25-086264.md","text":"https://secwatch.observer/filing/0001193125-25-086264.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437578/000119312525086264/0001193125-25-086264-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437578/000119312525086264/d884386d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T10:07:06.543970+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"}