{"schema_version":"secwatch.filing_event.v1","accession":"0001840776-23-000173","form_type":"8-K","ticker":"HGTY","cik":"0001840776","company_name":"Hagerty, Inc.","filed_at":"2023-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.950695+00:00","generated_at":"2026-06-07T19:33:41.091981+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":"Hagerty amends credit agreement to increase financial flexibility; leverage limit set at 3.75x from June 2024","bullets":["Tenth Amendment adds baskets for investments, debt, and liens subject to pro forma leverage ≤ 3.25x.","Maximum permitted leverage ratio under financial covenant set to 3.75x for periods on or after June 2024.","Additional debt capacity via incremental pari-passu debt or asset-backed securitization.","Amendment effective November 28, 2023, provides increased operational flexibility."],"urls":{"canonical":"https://secwatch.observer/filing/0001840776-23-000173","json":"https://secwatch.observer/filing/0001840776-23-000173.json","markdown":"https://secwatch.observer/filing/0001840776-23-000173.md","text":"https://secwatch.observer/filing/0001840776-23-000173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/0001840776-23-000173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/hgty-20231128.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:33:41.091981+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":"d5e21d594a96caa8a0c805b88243902841948b2e","claim":"Hagerty, Inc. amended Tenth Amendment to the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, the Foreign Subsidiary Borrowers party thereto, and the other financial institutions party thereto as Lenders (effective 2023-11-28).","evidence_excerpt":"The Tenth Amendment amends and restates the existing Credit Agreement to provide for additional flexibility in the operations of the Borrower and its subsidiaries","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1840776/000184077623000173/0001840776-23-000173-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent, the Foreign Subsidiary Borrowers party thereto, and the other financial institutions party thereto as Lenders"},{"label":"Effective","value":"2023-11-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}