PTC amends credit agreement, delays springing maturity if liquidity tops $600 million
PTC Inc. and a subsidiary amended their credit agreement with JPMorgan Chase Bank, N.A. as administrative agent. The amendment says the springing maturity date will not occur on November 16, 2024, if PTC's Available Liquidity is at least $600 million on that date, which ties the timing of the credit facility to the company's 2025 Senior Notes due February 15, 2025.
Key points
- Amendment No. 1 dated October 1, 2024 modifies the Fourth Amended and Restated Credit Agreement dated January 3, 2023.
- Springing maturity would not occur on November 16, 2024, if Available Liquidity is greater than or equal to $600 million on that date.
- Available Liquidity is defined as cash and Cash Equivalent Investments, readily-marketable securities, and Available Revolving Commitments.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.