secwatch.observer — SEC 8-K summary
======================================

Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001352010-21-000039
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Systems enters into $700M amended credit facility, replacing prior 2017 agreement
--------------------------------------------------------------------------------

- Five-year $700M revolving credit facility, unsecured, with potential to increase to $1B.
- Interest rate based on LIBOR or base rate plus margin tied to leverage ratio (0.875%-2.000% for Eurocurrency).
- Replaces the 2017 credit facility; includes swingline loan and letter of credit subfacilities.
- PNC Bank serves as administrative agent; customary covenants and events of default apply.
- Borrowings permitted in USD and up to $150M in alternative currencies (GBP, EUR, CAD, CHF).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201021000039/0001352010-21-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201021000039/epam-20211021.htm
  HTML page:      https://secwatch.observer/filing/0001352010-21-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer