secwatch / observer
8-K filed March 8, 2024, 6:59 PM ET ticker PRGS CIK 0000876167
debt confidence high sentiment positive materiality 0.55

Progress enters $900M revolving credit facility, replacing existing secured facility

PROGRESS SOFTWARE CORP /MA

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PROGRESS SOFTWARE CORP /MA entered into Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Wells Fargo Bank, N.A., Citizens Bank, N.A., PNC Bank, National Association, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, and TD Bank, N.A. valued at $900.0 million (effective 2024-03-07).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Wells Fargo Bank, N.A., Citizens Bank, N.A., PNC Bank, National Association, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, and TD Bank, N.A.
Value
$900.0 million
Effective
2024-03-07
Exact text from the filing
On March 7, 2024, Progress Software Corporation (“ Progress ”) entered into a Fourth Amended and Restated Credit Agreement (the “ Credit Agreement ”) with each of the lenders party thereto (the “ Lenders ”), JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Citibank, N.A. and Wells Fargo Bank, N.A., as Syndication Agents, Citizens Bank, N.A., PNC Bank, National Association, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, and TD Bank, N.A., as Documentation Agents, and JPMorgan Chase Bank, N.A., BofA Securities, Inc., Citibank, N.A. and Wells Fargo Securities, LLC, as Joint Bookrunners and Joint Lead Arrangers, providing for a $900.0 million secured revolving credit facility
View on SEC.gov

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PROGRESS SOFTWARE CORP /MA filing history →

Source: SEC EDGAR
accession 0001552781-24-000080
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