{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-003324","form_type":"8-K","ticker":"ACCS","cik":"0000843006","company_name":"ACCESS Newswire Inc.","filed_at":"2023-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.239209+00:00","generated_at":"2026-06-17T21:53:08.380313+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Issuer Direct closes $20M term loan with Pinnacle Bank; repays iNewswire note early","bullets":["$20M term loan at 6.217% fixed rate (SOFR + 2.35% swapped) maturing December 20, 2028.","$5M revolving line of credit available until Sept 2024; current unused.","Proceeds plus cash on hand used to repay $22.88M short-term note from Nov 2022 iNewswire acquisition.","Seller forgave $440K of interest as part of early repayment.","Financial covenants: fixed charge coverage ratio ≥1.20x; leverage ratio starting at ≤2.75x, stepping down to ≤2.50x."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-003324","json":"https://secwatch.observer/filing/0001654954-23-003324.json","markdown":"https://secwatch.observer/filing/0001654954-23-003324.md","text":"https://secwatch.observer/filing/0001654954-23-003324.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/843006/000165495423003324/0001654954-23-003324-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/843006/000165495423003324/isdr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T21:53:08.380313+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":"0a6a5f7ea73b259a90c64b712dbe26a098448228","claim":"ACCESS Newswire Inc. incurred revolving credit of up to $5 million with Pinnacle Bank at SOFR plus 2.05% maturing September 1, 2024.","evidence_excerpt":"following: (i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”) and (ii) revolving letter of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement). Pursuant to the terms of the Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/843006/000165495423003324/0001654954-23-003324-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $5 million"},{"label":"Counterparty","value":"Pinnacle Bank"},{"label":"Rate","value":"SOFR plus 2.05%"},{"label":"Maturity","value":"September 1, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9145402fc73b9d5d654d464708e7e62e277a57cc","claim":"ACCESS Newswire Inc. incurred term loan of $20 million with Pinnacle Bank at SOFR plus 2.35%, subject to a minimum SOFR of 2.00% maturing December 20, 2028.","evidence_excerpt":"On March 20, 2023 (the “Closing Date”), Issuer Direct Corporation, a Delaware corporation (the “Company”), and each of its subsidiaries (the “Guarantors”), entered into a $25 million credit agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”). The Credit Agreement provides for the following: (i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”) and (ii) revolving letter of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/843006/000165495423003324/0001654954-23-003324-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$20 million"},{"label":"Counterparty","value":"Pinnacle Bank"},{"label":"Rate","value":"SOFR plus 2.35%, subject to a minimum SOFR of 2.00%"},{"label":"Maturity","value":"December 20, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b3ce0fc964488ecceb662175149b6d377643168d","claim":"ACCESS Newswire Inc. entered into Credit Agreement with Pinnacle Bank valued at $25 million (effective 2023-03-20).","evidence_excerpt":"On March 20, 2023 (the “Closing Date”), Issuer Direct Corporation, a Delaware corporation (the “Company”), and each of its subsidiaries (the “Guarantors”), entered into a $25 million credit agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/843006/000165495423003324/0001654954-23-003324-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Pinnacle Bank"},{"label":"Value","value":"$25 million"},{"label":"Effective","value":"2023-03-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}