{"filing":{"accession_number":"0001627475-26-000039","cik":"0001627475","ticker":"UPWK","company_name":"UPWORK, INC","form":"8-K","filing_date":"2026-06-23","report_date":null,"primary_document":"upwork-20260623.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1627475/000162747526000039/upwork-20260623.htm"},"events":[{"id":13241,"run_id":11751,"accession_number":"0001627475-26-000039","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Upwork entered into a $150 million secured revolving credit facility with Bank of America as administrative agent on June 23, 2026, with an option to increase by up to $50 million. The facility has customary covenants, interest rate terms, and a three-year maturity.","company_name":"UPWORK, INC","ticker":"UPWK","filing_date":"2026-06-23","form":"8-K","submitted_at":null,"items":[{"id":10327,"accession_number":"0001627475-26-000039","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Upwork entered into a $150 million secured revolving credit facility with Bank of America as administrative agent on June 23, 2026, with an option to increase by up to $50 million. This is a material creation of a new direct financial obligation, with customary covenants, interest rate terms, and a three-year maturity. The disclosure clearly falls under Item 1.01 (Entry into a Material Definitive Agreement) and represents a significant debt issuance for the company.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-23T20:46:41.171664+00:00","company_name":"","ticker":null,"filing_date":""},{"id":10328,"accession_number":"0001627475-26-000039","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is filed and incorporates Item 1.01 by reference, which typically discloses material acquisitions, dispositions, or debt issuances. The Item 2.03 caption explicitly references \"Creation of a Direct Financial Obligation,\" which is the hallmark of debt issuance. Without access to Item 1.01 details, debt_issuance is the most probable classification for a financial obligation disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-23T20:46:41.171664+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":10327,"accession_number":"0001627475-26-000039","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Upwork entered into a $150 million secured revolving credit facility with Bank of America as administrative agent on June 23, 2026, with an option to increase by up to $50 million. This is a material creation of a new direct financial obligation, with customary covenants, interest rate terms, and a three-year maturity. The disclosure clearly falls under Item 1.01 (Entry into a Material Definitive Agreement) and represents a significant debt issuance for the company.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-23T20:46:41.171664+00:00","company_name":"UPWORK, INC","ticker":"UPWK","filing_date":"2026-06-23"},{"id":10328,"accession_number":"0001627475-26-000039","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is filed and incorporates Item 1.01 by reference, which typically discloses material acquisitions, dispositions, or debt issuances. The Item 2.03 caption explicitly references \"Creation of a Direct Financial Obligation,\" which is the hallmark of debt issuance. Without access to Item 1.01 details, debt_issuance is the most probable classification for a financial obligation disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-23T20:46:41.171664+00:00","company_name":"UPWORK, INC","ticker":"UPWK","filing_date":"2026-06-23"}]}