{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-25-000224","form_type":"8-K","ticker":"PRGS","cik":"0000876167","company_name":"PROGRESS SOFTWARE CORP /MA","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.543408+00:00","generated_at":"2026-05-18T04:49:09.676656+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Progress Software upsizes credit facility to $1.5B, extends maturity to 2030","bullets":["New $1.5B secured revolving facility replaces prior $900M facility from March 2024.","Maturity date extended to July 31, 2030; $660M in revolving loans outstanding at closing.","Interest rate based on Term Benchmark Rate +1.25%-2.50% or base rate +0.25%-1.50%, with 0.15%-0.35% unused commitment fee.","CFO states facility provides greater scale and flexibility to support growth and additional accretive acquisitions.","Joint bookrunners include JPMorgan, Citibank, and Wells Fargo Securities; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-25-000224","json":"https://secwatch.observer/filing/0001552781-25-000224.json","markdown":"https://secwatch.observer/filing/0001552781-25-000224.md","text":"https://secwatch.observer/filing/0001552781-25-000224.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/876167/000155278125000224/0001552781-25-000224-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/876167/000155278125000224/e25263_prgs-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:49:09.676656+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"}