P10, Inc. Files 8-K for Material Agreement

TL;DR

P10 Inc. signed a material deal on Aug 1, 2024, triggering new financial obligations and disclosures.

AI Summary

On August 1, 2024, P10, Inc. entered into a material definitive agreement related to its Series A Preferred Stock. This filing also discloses a direct financial obligation or an off-balance sheet arrangement for the registrant, and includes Regulation FD disclosures and exhibits.

Why It Matters

This 8-K filing indicates a significant new agreement for P10, Inc., potentially impacting its financial obligations and regulatory disclosures.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and financial obligations, which could introduce new risks or opportunities for the company.

Key Numbers

• 001-40937 — SEC File Number (Identifies P10, Inc.'s filing with the SEC.)
• 87-2908160 — IRS Employer Identification No. (Tax identification number for P10, Inc.)

Key Players & Entities

• P10, Inc. (company) — Registrant
• August 01, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• 4514 Cole Avenue Suite 1600 (address) — Principal Executive Offices
• Dallas, Texas (location) — Principal Executive Offices City and State
• 75205 (zip_code) — Principal Executive Offices Zip Code
• us-gaap:SeriesAPreferredStockMember (financial_instrument) — Related to agreement

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 par value per share PX The New York
• $175 m — olving credit facility in the amount of $175 million, with a $10 million sublimit for
• $10 million — y in the amount of $175 million, with a $10 million sublimit for the issuance of letters of
• $325 million — red term loan facility in the amount of $325 million (the "New Term Loans" and, together wit
• $125 m — t of the New Credit Facilities by up to $125 million, subject to certain conditions. T

Filing Documents

• px-20240801.htm (8-K) — 48KB
• px-ex10_1.htm (EX-10.1) — 1554KB
• px-ex99_1.htm (EX-99.1) — 15KB
• img254083677_0.jpg (GRAPHIC) — 18KB
• img254083677_1.jpg (GRAPHIC) — 16KB
• img254083677_2.jpg (GRAPHIC) — 18KB
• 0000950170-24-090344.txt ( ) — 2059KB
• px-20240801.xsd (EX-101.SCH) — 46KB
• px-20240801_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 1, 2024, P10, Inc. (the "Company") and certain of its subsidiaries entered into a restatement agreement (the "Restatement Agreement") which amends and restates the Company's existing credit agreement, originally entered into on December 22, 2021 (as previously amended, the "Existing Credit Agreement"), by and among P10 Intermediate Holdings LLC ("P10 Intermediate"), as borrower, the Company and certain subsidiaries of the Company, as guarantors, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the Existing Credit Agreement as so amended and restated, the "Amended and Restated Credit Agreement"). The Amended and Restated Credit Agreement provides for a new senior secured revolving credit facility in the amount of $175 million, with a $10 million sublimit for the issuance of letters of credit (the "New Revolving Facility"), and a new senior secured term loan facility in the amount of $325 million (the "New Term Loans" and, together with the Revolving Facility, the "New Credit Facilities"), both scheduled to mature on August 1, 2028 (the "Maturity Date"). The Amended and Restated Credit Agreement provides for an ability to increase the amount of the New Credit Facilities by up to $125 million, subject to certain conditions. The New Credit Facilities are to be used to refinance and replace the credit facilities under the Existing Credit Agreement and for general corporate purposes, including acquisitions. The New Credit Facilities are guaranteed by the Company's subsidiaries, subject to customary exceptions, and are secured by liens on substantially all assets of the Company, P10 Intermediate and the Company's guarantor subsidiaries, subject to customary exceptions. The New Term Loans require quarterly amortization payments, beginning on December 31, 2025, in an annual amount equal to 5.00% of the original funded amount of the New Term Loans, with

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On August 5, 2024, the Company issued a press release announcing its entry into the Amended and Restated Credit Agreement, a copy of which is furnished as Exhibit 99.1 to this Current Report. The information contained in Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Restatement Agreement, dated as of August 1, 2024, attaching the Amended and Restated Credit Agreement, dated as of such date, among P10, Inc., P10 Intermediate Holdings LLC, the other guarantors party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. 99.1 Press Release of P10, Inc. dated August 5, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

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 hereunto duly authorized. P10, INC. Date: August 5, 2024 By: /s/ Amanda Coussens Amanda Coussens Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR