---
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"
generated_at: "2026-06-13T04:07:42.560852+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PROS enters $50M revolving credit facility with Texas Capital Bank; no initial draw

## Summary
- $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.

## SEC filing metadata
- accession: 0001392972-23-000091
- form_type: 8-K
- cik: 0001392972
- company_name: PROS Holdings, Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001392972-23-000091
- JSON: https://secwatch.observer/filing/0001392972-23-000091.json
- Plain text: https://secwatch.observer/filing/0001392972-23-000091.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.