---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-003101"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:29:09.775205+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Vertex upsizes revolving credit to $200M, adds $50M term loan, extends maturity to 2027

## Summary
- New $50M term loan added; proceeds for working capital, capex, permitted acquisitions.
- Revolving line upsized to $200M; maturity extended from March 2025 to March 2027.
- Base rate option at 0.00% margin; Term SOFR option at 1.00% margin.
- Revolving facility had no outstanding borrowings as of March 8, 2022.
- Departing lender repaid; New Lenders join under amended credit agreement.

## SEC filing metadata
- accession: 0001558370-22-003101
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806837/000155837022003101/0001558370-22-003101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000155837022003101/verx-20220309x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-003101
- JSON: https://secwatch.observer/filing/0001558370-22-003101.json
- Plain text: https://secwatch.observer/filing/0001558370-22-003101.txt

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