{"schema_version":"secwatch.filing_event.v1","accession":"0001591698-26-000131","form_type":"8-K","ticker":"PCTY","cik":"0001591698","company_name":"Paylocity Holding Corp","filed_at":"2026-09-17T20:06:03+00:00","discovered_at":"2026-09-17T20:08:06.022466+00:00","generated_at":"2026-09-17T20:08:14.042002+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Paylocity refinances with new $1.75B revolver maturing 2031","bullets":["Amended and restated credit agreement dated Sept 17, 2026; replaces 2019 facility.","Facility: $1.75B senior secured revolver with $175M swing loan and $175M LC sublimits.","Maturity Sept 17, 2031; $81.25M outstanding at signing; up to $875M additional commitments possible.","Pricing: Term SOFR + 1.00%-1.625% or base + 0.0%-0.625%; commitment fee 0.10%-0.25% on undrawn.","Covenants: max net total leverage 4.00x, min interest coverage 2.00x; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001591698-26-000131","json":"https://secwatch.observer/filing/0001591698-26-000131.json","markdown":"https://secwatch.observer/filing/0001591698-26-000131.md","text":"https://secwatch.observer/filing/0001591698-26-000131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591698/000159169826000131/0001591698-26-000131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591698/000159169826000131/pcty-20260917.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-17T20:08:14.042002+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"}