{"schema_version":"secwatch.filing_event.v1","accession":"0001840776-25-000041","form_type":"8-K","ticker":"HGTY","cik":"0001840776","company_name":"Hagerty, Inc.","filed_at":"2025-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.221320+00:00","generated_at":"2026-05-25T02:03:25.248709+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hagerty enters $375M unsecured revolving credit facility, replaces prior $50.3M debt","bullets":["Entered $375M senior unsecured revolving credit facility with JPMorgan as agent; five-year term expires March 2025.","Facility includes $175M LC sublimit, $100M foreign currency sublimit, and $75M accordion feature.","Proceeds used to repay $50.3M outstanding under prior secured credit agreement, which was terminated.","Interest based on Term SOFR plus margin (net leverage pricing grid); financial covenants: net leverage ≤3.25x and fixed charge coverage.","Accordion can be increased unlimited if net leverage below 3.25x; uncommitted accordion of $75M also available."],"urls":{"canonical":"https://secwatch.observer/filing/0001840776-25-000041","json":"https://secwatch.observer/filing/0001840776-25-000041.json","markdown":"https://secwatch.observer/filing/0001840776-25-000041.md","text":"https://secwatch.observer/filing/0001840776-25-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1840776/000184077625000041/0001840776-25-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1840776/000184077625000041/hgty-20250307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-25T02:03:25.248709+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"}