{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-26-000097","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.315732+00:00","generated_at":"2026-05-15T08:25:44.510457+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MediaAlpha subsidiary amends credit agreement, obtains $150M term loan and $60M revolver","bullets":["Borrowed $150M term loan and $60M revolving credit facility, both maturing March 25, 2031.","Proceeds used to refinance existing term loans; remainder for general corporate purposes.","Interest rates: SOFR plus 2.00%-3.00% or base rate plus 1.00%-2.00%, based on leverage ratio.","Term loan amortizes quarterly starting June 30, 2026 at 1.25% then 2.50% of original principal.","Obligations guaranteed by Holdings and secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-26-000097","json":"https://secwatch.observer/filing/0001818383-26-000097.json","markdown":"https://secwatch.observer/filing/0001818383-26-000097.md","text":"https://secwatch.observer/filing/0001818383-26-000097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000097/0001818383-26-000097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000097/max-20260325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:25:44.510457+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":"30eb79274b67aa8ebb408811ece64ee2c22750da","claim":"MediaAlpha, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders from time to time party thereto valued at $150 million term loan facility and $60 million revolving credit facility (effective 2026-03-25).","evidence_excerpt":"and (ii) a new five-year senior secured revolving credit facility with commitments in an aggregate amount of $60 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838326000097/0001818383-26-000097-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent and the lenders from time to time party thereto"},{"label":"Value","value":"$150 million term loan facility and $60 million revolving credit facility"},{"label":"Effective","value":"2026-03-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}