{"schema_version":"secwatch.filing_event.v1","accession":"0001551306-25-000153","form_type":"8-K","ticker":"PGNY","cik":"0001551306","company_name":"Progyny, Inc.","filed_at":"2025-07-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.303955+00:00","generated_at":"2026-05-18T09:05:12.690700+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Progyny enters $200M credit facility; Q2 results expected slightly above guidance","bullets":["Entered $200M revolving credit facility maturing July 1, 2030; undrawn at closing.","Facility secured by substantially all assets; variable interest based on SOFR or base rate plus margin.","Q2 2025 revenue, Adjusted net income, and Adjusted EBITDA expected slightly above prior guidance.","Company has no planned use for facility; capital priorities (buybacks, product expansion, acquisitions) unchanged.","JPMorgan Chase Bank acts as administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001551306-25-000153","json":"https://secwatch.observer/filing/0001551306-25-000153.json","markdown":"https://secwatch.observer/filing/0001551306-25-000153.md","text":"https://secwatch.observer/filing/0001551306-25-000153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1551306/000155130625000153/0001551306-25-000153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1551306/000155130625000153/pgny-20250701.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:05:12.690700+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":"0293d124b5a103048a5f6e409c9f41c36e5eb39c","claim":"Progyny, Inc. incurred revolving credit of $200.0 million with JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, and swingline lender at adjusted SOFR, or the alternate base rate, plus, in each case, an applicable mar maturing July 1, 2030.","evidence_excerpt":"but not defined herein shall have the meanings assigned to such terms in the Credit Agreement. The Credit Agreement makes available to the Company a maximum aggregate amount of $200.0 million of revolving loan commitments, which may be drawn, subject to customary borrowing conditions, until maturity on July 1, 2030. Subject to certain conditions, the Company may at","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1551306/000155130625000153/0001551306-25-000153-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, and swingline lender"},{"label":"Rate","value":"adjusted SOFR, or the alternate base rate, plus, in each case, an applicable mar"},{"label":"Maturity","value":"July 1, 2030"},{"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"}