{"schema_version":"secwatch.filing_event.v1","accession":"0001627475-26-000039","form_type":"8-K","ticker":"UPWK","cik":"0001627475","company_name":"UPWORK, INC","filed_at":"2026-06-23T20:45:35+00:00","discovered_at":"2026-06-23T20:46:00.352506+00:00","generated_at":"2026-06-23T20:46:16.674624+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":"Upwork enters $150M secured revolving credit facility with Bank of America, maturing 2029","bullets":["$150M secured revolver with $10M L/C sublimit; option to increase by $50M.","Matures June 23, 2029; interest: Term SOFR + 2.00%-2.50% or Base Rate + 1.00%-1.50%.","Proceeds for working capital, debt repayment, acquisitions, and general corporate purposes.","Covenants: net leverage and fixed charge coverage ratios; secured by substantially all assets.","Joint lead arrangers: BofA Securities and Wells Fargo Securities."],"urls":{"canonical":"https://secwatch.observer/filing/0001627475-26-000039","json":"https://secwatch.observer/filing/0001627475-26-000039.json","markdown":"https://secwatch.observer/filing/0001627475-26-000039.md","text":"https://secwatch.observer/filing/0001627475-26-000039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000039/0001627475-26-000039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000039/upwork-20260623.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T20:46:16.674624+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"}