secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001500435-23-000035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

GoPro extends credit facility maturity to Jan 2027; replaces LIBOR with SOFR
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- Amendment extends maturity from Jan 22, 2024 to Jan 22, 2027 under existing credit agreement.
- Interest rates unchanged: base rate plus 0.50%-1.00% or SOFR plus 1.50%-2.00%.
- LIBOR-based rates replaced with term SOFR; certain fees reduced.
- If insufficient cash to repay 2025 convertible notes, maturity accelerates to 91 days before note maturity.
- No changes to covenants, representations, warranties, or events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000035/0001500435-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043523000035/gpro-20230310.htm
  HTML page:      https://secwatch.observer/filing/0001500435-23-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer