---
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"
generated_at: "2026-05-18T00:14:45.745026+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Upland Software completes $240M debt refinancing with Sound Point Capital, maturity extended to 2031

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505155-25-000080
- JSON: https://secwatch.observer/filing/0001505155-25-000080.json
- Plain text: https://secwatch.observer/filing/0001505155-25-000080.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: $240 million
  - Counterparty: Sound Point Capital
  - Rate: secured overnight financing rate, which shall not be less than 1.50%, plus a mar
  - Maturity: July 25, 2031
  - Event: incurrence
  source text: The Credit Agreement established a new senior secured term loan facility in an aggregate principal amount of $240 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/0001505155-25-000080-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $30 million
  - Counterparty: Sound Point Capital
  - Rate: same interest rate as the Term Loan
  - Maturity: July 25, 2031
  - Event: incurrence
  source text: the Credit Agreement provides for a $30 million senior secured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505155/000150515525000080/0001505155-25-000080-index.htm

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