{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-24-000051","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.106282+00:00","generated_at":"2026-06-05T16:13:22.299737+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Progress Software plans $350M convertible notes due 2030; seeks $900M revolver amendment","bullets":["$350M aggregate principal of convertible senior notes due 2030, with option for additional $52.5M overallotment.","Proceeds to repay term loan, fund capped call transactions, repurchase up to $25M of common stock, and general corporate purposes.","Entering amendment and restatement of credit agreement for a $900M revolving credit facility with no term loan, five-year maturity.","Capped call transactions expected to reduce potential dilution upon conversion of the notes, subject to a cap.","Notes offered only to qualified institutional buyers under Rule 144A; not registered under Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-24-000051","json":"https://secwatch.observer/filing/0001552781-24-000051.json","markdown":"https://secwatch.observer/filing/0001552781-24-000051.md","text":"https://secwatch.observer/filing/0001552781-24-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000155278124000051/0001552781-24-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000155278124000051/e24056_prgs-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T16:13:22.299737+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"}