{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-016841","form_type":"8-K","ticker":null,"cik":"0001725134","company_name":"Digital Media Solutions, Inc.","filed_at":"2024-04-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.753458+00:00","generated_at":"2026-06-03T16:16:40.715674+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Digital Media Solutions secures $22M debt amendment, waives defaults but must launch asset sale process","bullets":["New Tranche A term loans of $22M increase total credit facility to $297M; maturity Feb 25, 2026.","PIK interest option for quarterly payments through March 31, 2025; net leverage covenant waived through June 30, 2025.","Company must maintain minimum $5M unrestricted cash and comply with variance test on cash receipts.","8.0% commitment fee payable as PIK interest; amendment also waives specified prior defaults.","Company must promptly start a strategic review and marketing process for sale of all or substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-016841","json":"https://secwatch.observer/filing/0001628280-24-016841.json","markdown":"https://secwatch.observer/filing/0001628280-24-016841.md","text":"https://secwatch.observer/filing/0001628280-24-016841.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/0001628280-24-016841-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/dms-20240417.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T16:16:40.715674+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":"fb2691dd8f09970b1858068eabac1f4968275242","claim":"Digital Media Solutions, Inc. amended credit facility of $22 million with Truist Bank (as administrative agent and collateral agent) maturing February 25, 2026.","evidence_excerpt":"The Second Amendment introduced new Tranche A term loan commitments in the amount of $22 million with a maturity date of February 25, 2026, increasing our total borrowing capacity under the Credit Facility from $275 million to $297 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/0001628280-24-016841-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$22 million"},{"label":"Counterparty","value":"Truist Bank (as administrative agent and collateral agent)"},{"label":"Maturity","value":"February 25, 2026"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}