PTC Inc. Files 8-K for Material Definitive Agreement
Ticker: PTC · Form: 8-K · Filed: Oct 7, 2024 · CIK: 857005
Sentiment: neutral
Topics: material-definitive-agreement, filing, software
TL;DR
PTC Inc. signed a big deal, filing an 8-K on Oct 1st.
AI Summary
On October 1, 2024, PTC Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. PTC Inc. is a software company incorporated in Massachusetts with its principal executive offices in Boston.
Why It Matters
This filing indicates a significant new contract or partnership for PTC Inc., which could impact its future revenue and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent business risks.
Key Numbers
- 0000857005 — Central Index Key (Unique identifier for PTC Inc. with the SEC)
- 000-18059 — SEC File Number (SEC filing number for PTC Inc.)
Key Players & Entities
- PTC Inc. (company) — Registrant
- October 1, 2024 (date) — Date of earliest event reported
- Massachusetts (location) — State of Incorporation
- Boston (location) — Address of Principal Executive Offices
- 121 Seaport Boulevard (address) — Principal Executive Offices
FAQ
What type of material definitive agreement did PTC Inc. enter into?
The filing states PTC Inc. entered into a 'Material Definitive Agreement' but does not specify the exact nature of the agreement in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated October 1, 2024.
What is PTC Inc.'s principal executive office address?
PTC Inc.'s principal executive office is located at 121 Seaport Boulevard, Boston, Massachusetts, 02210.
What is PTC Inc.'s IRS Employer Identification Number?
PTC Inc.'s IRS Employer Identification Number is 04-2866152.
What is the SIC code for PTC Inc.?
The Standard Industrial Classification (SIC) code for PTC Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 637 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-10-07 16:05:29
Key Financial Figures
- $600,000,000 — e Liquidity is greater than or equal to $600,000,000 on such date, and adds a definition of
Filing Documents
- ptc-20241001.htm (8-K) — 45KB
- ptc-ex10_1.htm (EX-10.1) — 103KB
- 0000950170-24-113213.txt ( ) — 267KB
- ptc-20241001.xsd (EX-101.SCH) — 26KB
- ptc-20241001_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amendment to Credit Agreement On October 1, 2024, PTC Inc. ("PTC") and PTC (IFSC) Limited, a subsidiary of PTC, entered into Amendment No. 1 (the "Amendment") to the Fourth Amended and Restated Credit Agreement dated January 3, 2023 (the "Credit Agreement") with JPMorgan Chase Bank, N.A., as Administrative Agent, and the Lenders named therein. The Amendment amends the definition of "Springing Maturity Date" to add that the Springing Maturity Date (the date on which all amounts outstanding under the Credit Agreement would accelerate and become due if our 2025 Senior Notes due February 15, 2025 remained outstanding) shall not occur on November 16, 2024 if PTC's Available Liquidity is greater than or equal to $600,000,000 on such date, and adds a definition of "Available Liquidity" for the purposes of the calculation. "Available Liquidity" is defined as cash and Cash Equivalent Investments, readily-marketable securities, and Available Revolving Commitments under the Credit Agreement. All capitalized terms used herein without definition have the meanings assigned in the Credit Agreement. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 1 to the Credit Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference. Section 9 - Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . 10.1 Amendment No. 1 dated October 1, 2024 to the Fourth Amended and Restated Credit Agreement dated January 3, 2023 by and among PTC Inc., PTC (IFSC) Limited, JPMorgan Chase Bank N.A., as administrative agent, and the Lenders named therein. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. PTC Inc. Date: 7 October 2024 By: /s/Kristian Talvitie Kristian Talvitie Executive Vice President, Chief Financial Officer 3