PROGRESS SOFTWARE CORP /MA : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

Published: 2022-01-27 09:34:06 ET PRGS

Item 1.01 Entry into a Material Definitive Agreement

The amount of the term loan outstanding under the existing secured credit facility was incorporated into the amended and restated credit facility.

In addition, swap obligations and banking services obligations (including treasury management services) are guaranteed and secured on the same basis as the Credit Agreement.

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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01, "Entry into a Material Definitive Agreement," is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On January 27, 2022, Progress issued a press release announcing the new credit facility, a copy of which is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

dated as of January 25, 2022,

the lenders party thereto,

Wells Fargo Bank, N.A. and

Bank of America, N.A.,

Silicon Valley Bank and TD

Chase Bank, N.A., as Sole

the Inline XBRL document)

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