{"schema_version":"secwatch.filing_event.v1","accession":"0001517375-25-000052","form_type":"8-K","ticker":"SPT","cik":"0001517375","company_name":"Sprout Social, Inc.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.574883+00:00","generated_at":"2026-05-23T19:38:45.249508+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Sprout Social amends credit facility; extends maturity to 2030, switches to leverage-based pricing","bullets":["Maturity extended from Aug 1, 2028 to Apr 4, 2030 under First Amendment with MUFG Bank and other lenders.","Interest rate changed from liquidity-based to leverage-based: SOFR loans at SOFR+0.10% plus margin of 2.25%-2.75%.","Removed minimum liquidity and annual recurring revenue covenants; added maximum Consolidated Senior Net Leverage Ratio and minimum Consolidated Interest Coverage.","Undrawn commitment fee of 0.30% or 0.35% based on leverage ratio; obligations secured by substantially all assets and subsidiary equity.","Conditions include customary representations, no default, delivery of legal opinion, solvency certificate, and control agreements within 30 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001517375-25-000052","json":"https://secwatch.observer/filing/0001517375-25-000052.json","markdown":"https://secwatch.observer/filing/0001517375-25-000052.md","text":"https://secwatch.observer/filing/0001517375-25-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1517375/000151737525000052/0001517375-25-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1517375/000151737525000052/spt-20250404.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:38:45.249508+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}