{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-102465","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2026-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.140982+00:00","generated_at":"2026-05-15T14:54:43.193284+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advantage Solutions completes debt exchange: $559M new 9% notes due 2030, $1.035B term loan","bullets":["Exchanged $590.6M of 6.50% existing notes for $559.1M of 9.000% notes due 2030 and $43.7M cash.","New term loan facility of approximately $1.035B at SOFR + 6.00%, maturing in 2030.","Amended revolving credit facility upsized to $500M, maturing earlier of 2030 or 91 days before term loan/notes.","99.24% of existing notes tendered; existing first lien credit agreement terminated.","Interest expense increases from 6.50% to 9.00% on exchanged notes, reflecting higher leverage cost."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-102465","json":"https://secwatch.observer/filing/0001193125-26-102465.json","markdown":"https://secwatch.observer/filing/0001193125-26-102465.md","text":"https://secwatch.observer/filing/0001193125-26-102465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000119312526102465/0001193125-26-102465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000119312526102465/d98939d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T14:54:43.193284+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":"3795088d84582ff016173a2095be4c0572d2e469","claim":"Advantage Solutions Inc. incurred senior notes of aggregate principal amount of approximately $559.1 million of New Notes with Wilmington Trust, National Association at 9.000% per annum maturing November 15, 2030.","evidence_excerpt":"On the Settlement Date, the Company paid an aggregate of approximately $43.7 million in cash consideration and issued an aggregate principal amount of approximately $559.1 million of New Notes in exchange for the Tendered Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000119312526102465/0001193125-26-102465-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"aggregate principal amount of approximately $559.1 million of New Notes"},{"label":"Counterparty","value":"Wilmington Trust, National Association"},{"label":"Rate","value":"9.000% per annum"},{"label":"Maturity","value":"November 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}