Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PROS Holdings, Inc. incurred revolving credit of $50.0 million revolving line of credit with Texas Capital Bank at 30-day secured overnight financing rate (SOFR) plus an applicable margin of 4.25 maturing three-year term.
- Instrument
- revolving credit
- Principal
- $50.0 million revolving line of credit
- Counterparty
- Texas Capital Bank
- Rate
- 30-day secured overnight financing rate (SOFR) plus an applicable margin of 4.25
- Maturity
- three-year term
- Event
- incurrence
Exact text from the filing
Credit Agreement (the " Credit Agreement ") with Texas Capital Bank, as administrative agent. The Credit Agreement is for a three-year term. The Credit Agreement provides for a $50.0 million revolving line of credit, none of which was drawn as of July 24, 2023. Borrowings under the Credit Agreement generally bear interest at the 30-day secured overnight financing
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PROS Holdings, Inc. entered into Credit Agreement with Texas Capital Bank valued at $50.0 million (effective 2023-07-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Texas Capital Bank
- Value
- $50.0 million
- Effective
- 2023-07-21
Exact text from the filing
On July 21, 2023, PROS Holdings, Inc. (the " Company "), through its wholly owned subsidiary PROS, Inc, and certain other subsidiaries of the Company, as guarantors, entered into a secured Credit Agreement (the " Credit Agreement ") with Texas Capital Bank, as administrative agent. The Credit Agreement is for a three-year term. The Credit Agreement provides for a $50.0 million revolving line of credit, none of which was drawn as of July 24, 2023.
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