{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-24-000053","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.106483+00:00","generated_at":"2026-06-05T09:59:10.663221+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progress prices $400M convertible senior notes due 2030, upsized from $350M","bullets":["3.50% coupon, maturity March 1, 2030; conversion price ~$67.74/share, 27.5% premium over $53.13 close.","Net proceeds ~$389.3M ($438.1M if overallotment exercised); used to repay term loan, fund $37.5M capped call, repurchase ~470,544 shares for $25M.","Initial purchasers have 13-day option to buy additional $50M principal.","Capped call transactions entered to reduce dilution upon conversion, cap price ~$92.98."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-24-000053","json":"https://secwatch.observer/filing/0001552781-24-000053.json","markdown":"https://secwatch.observer/filing/0001552781-24-000053.md","text":"https://secwatch.observer/filing/0001552781-24-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000155278124000053/0001552781-24-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000155278124000053/e24057_prgs-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T09:59:10.663221+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"}