{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-058442","form_type":"8-K","ticker":"SAIL","cik":"0002030781","company_name":"SailPoint, Inc.","filed_at":"2025-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.710212+00:00","generated_at":"2026-05-18T18:35:26.728062+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"SailPoint enters $250M revolving credit facility, replaces prior credit agreement","bullets":["New $250M revolving credit facility, matures five years from June 25, 2025.","Interest: Term SOFR + 1.50%-2.50% or Base Rate + 0.50%-1.50%, based on First Lien Net Leverage Ratio.","Requires total net leverage ratio ≤4.00x (can increase to 4.50x for material acquisitions).","Facility includes $10M letter-of-credit sublimit; lenders include Morgan Stanley, Goldman Sachs, JPMorgan.","Replaces prior credit agreement dated August 16, 2022, which was terminated on closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-058442","json":"https://secwatch.observer/filing/0001213900-25-058442.json","markdown":"https://secwatch.observer/filing/0001213900-25-058442.md","text":"https://secwatch.observer/filing/0001213900-25-058442.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/0001213900-25-058442-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/ea0247054-8k_sailpoint.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T18:35:26.728062+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":"c9fc6567832c3cd7e2787ec57a4c147577d4fcbd","claim":"SailPoint, Inc. incurred credit facility of up to $250.0 million with Morgan Stanley Senior Funding, Inc. at Base Rate plus a margin ranging from 0.50% to 1.50% or Term SOFR plus a margin r maturing five years from the Closing Date.","evidence_excerpt":"The New Credit Agreement permits aggregate borrowings by STI and certain of SailPoint's other wholly owned subsidiaries that are Additional Borrowers (as defined therein) of up to $250.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2030781/000121390025058442/0001213900-25-058442-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $250.0 million"},{"label":"Counterparty","value":"Morgan Stanley Senior Funding, Inc."},{"label":"Rate","value":"Base Rate plus a margin ranging from 0.50% to 1.50% or Term SOFR plus a margin r"},{"label":"Maturity","value":"five years from the Closing Date"},{"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"}