{"schema_version":"secwatch.filing_event.v1","accession":"0001392972-23-000091","form_type":"8-K","ticker":null,"cik":"0001392972","company_name":"PROS Holdings, Inc.","filed_at":"2023-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.768602+00:00","generated_at":"2026-06-13T04:07:42.560852+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":"PROS enters $50M revolving credit facility with Texas Capital Bank; no initial draw","bullets":["$50M revolving line of credit, 3-year term, undrawn as of July 24, 2023.","Interest at 30-day SOFR plus a margin of 4.25%.","Financial covenants only effective if liquidity falls below a specified threshold.","Customary covenants restrict liens, additional indebtedness, and certain transactions.","Events of default include payment defaults, cross-acceleration, bankruptcy, and change of control."],"urls":{"canonical":"https://secwatch.observer/filing/0001392972-23-000091","json":"https://secwatch.observer/filing/0001392972-23-000091.json","markdown":"https://secwatch.observer/filing/0001392972-23-000091.md","text":"https://secwatch.observer/filing/0001392972-23-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/pro-20230721.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:07:42.560852+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":"6591e71258376e5b51d2db2df0917f2a7e03a0eb","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$50.0 million revolving line of credit"},{"label":"Counterparty","value":"Texas Capital Bank"},{"label":"Rate","value":"30-day secured overnight financing rate (SOFR) plus an applicable margin of 4.25"},{"label":"Maturity","value":"three-year term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3b8e4a5a5a9354a2bd543cc1e8ad69ce8ec6b295","claim":"PROS Holdings, Inc. entered into Credit Agreement with Texas Capital Bank valued at $50.0 million (effective 2023-07-21).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Texas Capital Bank"},{"label":"Value","value":"$50.0 million"},{"label":"Effective","value":"2023-07-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}