CCC Intelligent Solutions Enters New Credit Agreement
Ticker: CCC · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1818201
Sentiment: neutral
Topics: debt-financing, credit-agreement
TL;DR
CCC Intelligent Solutions just signed a new credit agreement, meaning new debt is on the way.
AI Summary
On September 23, 2024, CCC Intelligent Solutions Holdings Inc. entered into a material definitive agreement, specifically a credit agreement. This agreement creates a direct financial obligation for the registrant, indicating new debt financing.
Why It Matters
This filing indicates CCC Intelligent Solutions is taking on new debt, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Entering into new debt agreements can increase financial risk for a company.
Key Players & Entities
- CCC Intelligent Solutions Holdings Inc. (company) — Registrant
- September 23, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by CCC Intelligent Solutions?
The company entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is September 23, 2024.
What is the principal executive office address of CCC Intelligent Solutions Holdings Inc.?
The address is 167 N. Green Street, 9th Floor, Chicago, IL 60607.
What is the SEC file number for CCC Intelligent Solutions Holdings Inc.?
The SEC file number is 001-39447.
What type of obligation does the new credit agreement create for the registrant?
The credit agreement creates a direct financial obligation for the registrant.
Filing Stats: 751 words · 3 min read · ~3 pages · Grade level 10 · Accepted 2024-09-24 06:08:00
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share CCCS The Nasdaq Stock Mar
- $234,000,000 — springing maturity date if greater than $234,000,000 of the initial term loans remain outsta
Filing Documents
- d857976d8k.htm (8-K) — 24KB
- 0001193125-24-224074.txt ( ) — 143KB
- cccs-20240923.xsd (EX-101.SCH) — 3KB
- cccs-20240923_lab.xml (EX-101.LAB) — 18KB
- cccs-20240923_pre.xml (EX-101.PRE) — 11KB
- d857976d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CCC INTELLIGENT SOLUTIONS HOLDINGS INC. Date: September 24, 2024 By: /s/ Brian Herb Name: Brian Herb Title: Executive Vice President, Chief Financial and Administrative Officer