---
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"
generated_at: "2026-05-23T19:38:45.249508+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Sprout Social amends credit facility; extends maturity to 2030, switches to leverage-based pricing

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517375-25-000052
- JSON: https://secwatch.observer/filing/0001517375-25-000052.json
- Plain text: https://secwatch.observer/filing/0001517375-25-000052.txt

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