---
schema_version: "secwatch.filing_event.v1"
accession: "0001556739-24-000025"
form_type: "8-K"
ticker: "THRY"
cik: "0001556739"
company_name: "Thryv Holdings, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:27:23.904408+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Thryv refinances with $350M term loan and $85M ABL, reports 24% SaaS revenue growth, authorizes $40M buyback

## Summary
- Entered $350M term loan and $85M ABL credit facilities with Citizens Bank, maturing 2029 and 2028 respectively.
- Q1 2024 SaaS revenue grew 24% to $74.3M; SaaS subscribers increased 30% to 70,000.
- Consolidated net income was $8.4M ($0.22 per diluted share); Adjusted EBITDA was $54.1M (23.2% margin).
- Board authorized $40M share repurchase program; raised full-year SaaS revenue guidance to $326-$329M.

## SEC filing metadata
- accession: 0001556739-24-000025
- form_type: 8-K
- ticker: THRY
- cik: 0001556739
- company_name: Thryv Holdings, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/thryv-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001556739-24-000025
- JSON: https://secwatch.observer/filing/0001556739-24-000025.json
- Plain text: https://secwatch.observer/filing/0001556739-24-000025.txt

## Key facts
- Debt Financings
  Thryv Holdings, Inc. incurred term loan of $350.0 million with Citizens Bank, N.A. at SOFR plus 6.75% maturing May 1, 2029.
  - Instrument: term loan
  - Principal: $350.0 million
  - Counterparty: Citizens Bank, N.A.
  - Rate: SOFR plus 6.75%
  - Maturity: May 1, 2029
  - Event: incurrence
  source text: The Term Loan Agreement established a senior secured term loan facility (the “Term Loan Facility”) in an aggregate principal amount equal to $350.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm
- Debt Financings
  Thryv Holdings, Inc. incurred revolving credit of $85.0 million with Citizens Bank, N.A. at SOFR plus 2.50%-2.75% maturing May 1, 2028.
  - Instrument: revolving credit
  - Principal: $85.0 million
  - Counterparty: Citizens Bank, N.A.
  - Rate: SOFR plus 2.50%-2.75%
  - Maturity: May 1, 2028
  - Event: incurrence
  source text: The ABL Credit Agreement established a $85.0 million asset-based revolving loan facility (the “ABL Facility”) which is governed by a borrowing base and the Company’s Trailing 90 Day Collections (as defined in the ABL Credit Agreement).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm
- Earnings Releases
  Thryv Holdings, Inc. reported the three months ended March 31, 2024 results: revenue $233.6 million, net income $8.4 million, EPS $0.22 per diluted share. Guidance raised.
  - Period: the three months ended March 31, 2024
  - Revenue: $233.6 million
  - Net income: $8.4 million
  - EPS: $0.22 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: revenue was $74.3 million, a 24% increase year-over-year • Total Marketing Services revenue was $159.3 million, a 14% decrease year-over-year • Consolidated total revenue was $233.6 million, a decrease of 5% year-over-year • Consolidated net income was $8.4 million, or $0.22 per diluted share; compared to net income of $9.3 million, or $0.25 per diluted share, for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm
- Material Agreements
  Thryv Holdings, Inc. entered into ABL Credit Agreement with Citizens Bank, N.A. valued at $85.0 million (effective 2024-05-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Value: $85.0 million
  - Effective: 2024-05-01
  source text: On May 1, 2024, the Company entered into a new Credit Agreement (the “ABL Credit Agreement”) among the Company, the Borrower, the other borrowers from time to time party thereto, the lenders from time to time party thereto, and Citizens Bank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm
- Material Agreements
  Thryv Holdings, Inc. entered into Term Loan Agreement with Citizens Bank, N.A. valued at $350.0 million (effective 2024-05-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Value: $350.0 million
  - Effective: 2024-05-01
  source text: On May 1, 2024, Thryv Holdings, Inc. (the “Company”) entered into a new Term Loan Credit Agreement (the “Term Loan Agreement”), by and among the Company, Thryv, Inc., a direct and wholly-owned subsidiary of the Company (the “Borrower”), the lenders party thereto from time to time, and Citizens Bank, N.A., as the administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1556739/000155673924000025/0001556739-24-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.