secwatch.observer — SEC 8-K summary
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Issuer:     Progyny, Inc. (PGNY)
CIK:        0001551306
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001551306-25-000153
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progyny enters $200M credit facility; Q2 results expected slightly above guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000153/0001551306-25-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551306/000155130625000153/pgny-20250701.htm
  HTML page:      https://secwatch.observer/filing/0001551306-25-000153

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