{"schema_version":"secwatch.filing_event.v1","accession":"0001625278-23-000109","form_type":"8-K","ticker":"NRDS","cik":"0001625278","company_name":"NERDWALLET, INC.","filed_at":"2023-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.600272+00:00","generated_at":"2026-06-10T08:11:07.152578+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"NerdWallet enters $125M revolving credit facility, replacing prior SVB facility; no initial draw","bullets":["New $125M senior secured revolving credit facility with JPMorgan Chase, maturing September 26, 2028.","Replaces prior Amended and Restated Senior Secured Credit Facilities with Silicon Valley Bank.","No borrowings made; company does not anticipate drawing on facility at this time.","Facility for general corporate purposes, including acquisitions; quarterly fees 25-35 bps depending on leverage.","Financial covenants include maximum total net leverage and minimum fixed charge coverage ratios."],"urls":{"canonical":"https://secwatch.observer/filing/0001625278-23-000109","json":"https://secwatch.observer/filing/0001625278-23-000109.json","markdown":"https://secwatch.observer/filing/0001625278-23-000109.md","text":"https://secwatch.observer/filing/0001625278-23-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/nrds-20230926.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:11:07.152578+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":[{"claim_id":"3e07516bee61186b77ae3a1b6b05ec5e82f16704","claim":"NERDWALLET, INC. incurred revolving credit of $125 million with JPMorgan Chase Bank, National Association, as Administrative Agent maturing September 26, 2028.","evidence_excerpt":"On September 26, 2023, NerdWallet, Inc., a Delaware corporation (the Company), and three of its wholly owned subsidiaries entered into a Credit Agreement (the Credit Agreement) with JPMorgan Chase Bank, National Association, as Administrative Agent, and a syndicate of lenders. The Credit Agreement provides for a $125 million senior secured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$125 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association, as Administrative Agent"},{"label":"Maturity","value":"September 26, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"20dba3be2b80128bc329406da9dca7bb660f0f08","claim":"NERDWALLET, INC. entered into Credit Agreement with JPMorgan Chase Bank, National Association valued at $125 million senior secured revolving credit facility (effective 2023-09-26).","evidence_excerpt":"On September 26, 2023, NerdWallet, Inc., a Delaware corporation (the Company), and three of its wholly owned subsidiaries entered into a Credit Agreement (the Credit Agreement) with JPMorgan Chase Bank, National Association, as Administrative Agent, and a syndicate of lenders.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, National Association"},{"label":"Value","value":"$125 million senior secured revolving credit facility"},{"label":"Effective","value":"2023-09-26"}],"fact_type":"material_agreement"},{"claim_id":"9e5eea213be3d7fead7b6824051d34c408b05e04","claim":"NERDWALLET, INC. terminated Amended and Restated Senior Secured Credit Facilities Credit Agreement dated February 19, 2021 with Silicon Valley Bank valued at Prior credit facility replaced by new Credit Agreement (effective 2023-09-26).","evidence_excerpt":"The Credit Facility replaces the Company’s prior credit facility under the Amended and Restated Senior Secured Credit Facilities Credit Agreement dated February 19, 2021 between the Company and Silicon Valley Bank, as administrative agent (the Prior Credit Agreement), which was terminated substantially concurrently with the Company’s entering into the Credit Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Value","value":"Prior credit facility replaced by new Credit Agreement"},{"label":"Effective","value":"2023-09-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}