{"schema_version":"secwatch.filing_event.v1","accession":"0001505155-25-000080","form_type":"8-K","ticker":"UPLD","cik":"0001505155","company_name":"Upland Software, Inc.","filed_at":"2025-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.157755+00:00","generated_at":"2026-05-18T00:14:45.745026+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Upland Software completes $240M debt refinancing with Sound Point Capital, maturity extended to 2031","bullets":["New $240M term loan matures July 2031; proceeds redeemed $258M prior facility.","Interest rate set at SOFR + 6.00% (floor 1.50%); quarterly amortization begins at 2.5% p.a.","Also received $30M revolving credit facility for working capital and general corporate purposes.","Covenant tested quarterly: secured leverage ratio limited to 6.0x.","CEO cites enhanced financial flexibility to invest in AI-powered software solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0001505155-25-000080","json":"https://secwatch.observer/filing/0001505155-25-000080.json","markdown":"https://secwatch.observer/filing/0001505155-25-000080.md","text":"https://secwatch.observer/filing/0001505155-25-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/0001505155-25-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/upld-20250725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:14:45.745026+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":"60b40debfb5066ff6754a6db97e68ff56ce68318","claim":"Upland Software, Inc. incurred term loan of $240 million with Sound Point Capital at secured overnight financing rate, which shall not be less than 1.50%, plus a mar maturing July 25, 2031.","evidence_excerpt":"The Credit Agreement established a new senior secured term loan facility in an aggregate principal amount of $240 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/0001505155-25-000080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$240 million"},{"label":"Counterparty","value":"Sound Point Capital"},{"label":"Rate","value":"secured overnight financing rate, which shall not be less than 1.50%, plus a mar"},{"label":"Maturity","value":"July 25, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f4c13494562fa82803a8c28cd04fd92d7ad0a4c4","claim":"Upland Software, Inc. incurred revolving credit of $30 million with Sound Point Capital at same interest rate as the Term Loan maturing July 25, 2031.","evidence_excerpt":"the Credit Agreement provides for a $30 million senior secured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/0001505155-25-000080-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$30 million"},{"label":"Counterparty","value":"Sound Point Capital"},{"label":"Rate","value":"same interest rate as the Term Loan"},{"label":"Maturity","value":"July 25, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}