secwatch.observer — SEC 8-K summary
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Issuer:     PROS Holdings, Inc. (—)
CIK:        0001392972
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001392972-23-000091
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/0001392972-23-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392972/000139297223000091/pro-20230721.htm
  HTML page:      https://secwatch.observer/filing/0001392972-23-000091

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