{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-015167","form_type":"8-K","ticker":"PZZA","cik":"0000901491","company_name":"PAPA JOHNS INTERNATIONAL INC","filed_at":"2025-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.745483+00:00","generated_at":"2026-05-24T04:31:33.515554+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Papa John's closes $200M term loan, extends $600M revolver to 2030 in credit agreement amendment","bullets":["New $200M senior secured term loan drawn at closing; proceeds used to repay existing revolver borrowings.","$600M revolving credit facility extended to March 26, 2030; approximately $158.9M drawn as of March 26, 2025.","Transaction is leverage neutral; financial covenants include max leverage 5.25x and $150M liquidity requirement prior to 2029 note maturity.","Interest rates: SOFR + 1.25%-2.00% or base rate plus 0.25%-1.00%; accordion feature allows up to $500M additional commitments."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-015167","json":"https://secwatch.observer/filing/0001628280-25-015167.json","markdown":"https://secwatch.observer/filing/0001628280-25-015167.md","text":"https://secwatch.observer/filing/0001628280-25-015167.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/901491/000162828025015167/0001628280-25-015167-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/901491/000162828025015167/pzza-20250326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T04:31:33.515554+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"}