{"schema_version":"secwatch.filing_event.v1","accession":"0001637873-25-000005","form_type":"8-K","ticker":"ACVA","cik":"0001637873","company_name":"ACV Auctions Inc.","filed_at":"2025-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.537825+00:00","generated_at":"2026-05-18T09:59:55.493900+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ACV Auctions expands credit facility to $250M, extends maturity to 2030","bullets":["Revolving credit facility increased from $160M to $250M; maturity extended from Aug 2026 to June 26, 2030.","SOFR margin set at 2.750% pre-covenant-conversion and 2.500% post-conversion; ABR margin at 1.750% and 1.500% respectively.","New maximum Total Net Leverage Ratio of 4.0x initially, stepping to 3.5x after Q2 2027; minimum revenue and liquidity covenants then drop.","Indiana Auto Auction LLC and ACV Capital LLC added as guarantors, securing debt with substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001637873-25-000005","json":"https://secwatch.observer/filing/0001637873-25-000005.json","markdown":"https://secwatch.observer/filing/0001637873-25-000005.md","text":"https://secwatch.observer/filing/0001637873-25-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637873/000163787325000005/0001637873-25-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637873/000163787325000005/acva-20250626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:59:55.493900+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"}