secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2025-10-06T23:59:59+00:00
Accession:  0001352010-25-000047
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM enters into new $700M revolving credit facility, upsizable to $1.2B
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- New five-year $700M revolving credit facility replaces 2021 credit agreement, effective October 3, 2025.
- Facility can be increased to up to $1.2B with lender consent; includes $250M alternative currency sublimit.
- Borrowings bear interest at SOFR plus margin based on leverage ratio (0.875% to 1.625% per annum).
- Leverage covenant: maximum consolidated leverage ratio of 3.50:1.00 (4.00:1.00 under certain conditions).
- Proceeds for general corporate purposes, working capital, and permitted acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000047/0001352010-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000047/epam-20251003.htm
  HTML page:      https://secwatch.observer/filing/0001352010-25-000047

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