{"schema_version":"secwatch.filing_event.v1","accession":"0001563190-25-000202","form_type":"8-K","ticker":"COMP","cik":"0001563190","company_name":"Compass, Inc.","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.749282+00:00","generated_at":"2026-05-16T19:15:24.085349+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Compass enters $250M revolver (expandable to $500M) to back Anywhere merger","bullets":["Initial commitments of $250M; automatically increase to $500M upon closing of Anywhere Real Estate merger (Aspen Acquisition).","Maturity Nov 17, 2030; interest at Term SOFR + 1.50%-2.25% based on leverage ratio.","Pre-merger covenants: min liquidity $150M, min revenue $4B, max leverage 3.0x; post-merger: max leverage 5.0x stepping down.","Letter of credit sublimit $100M (increases to $170M post-merger).","Secured by first-priority security interest in substantially all assets of Compass and subsidiary guarantors."],"urls":{"canonical":"https://secwatch.observer/filing/0001563190-25-000202","json":"https://secwatch.observer/filing/0001563190-25-000202.json","markdown":"https://secwatch.observer/filing/0001563190-25-000202.md","text":"https://secwatch.observer/filing/0001563190-25-000202.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1563190/000156319025000202/0001563190-25-000202-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1563190/000156319025000202/comp-20251117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:15:24.085349+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"}