---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-025675"
form_type: "8-K"
ticker: "SSTI"
cik: "0001351636"
company_name: "SOUNDTHINKING, INC."
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:20:32.975757+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ShotSpotter expands credit facility to $25M, extends maturity to Oct 2024, removes profitability covenants

## Summary
- Extended revolving credit maturity from Nov 27, 2022 to Oct 15, 2024.
- Increased revolving commitment from $20M to $25M; letter of credit subfacility to $7.5M.
- Removed minimum profitability covenants; replaced LIBOR with SOFR index rate.
- Permits up to $20M in stock repurchases during the term.
- Maintains financial covenants: max leverage 3.00x, min EBITDA/interest 2.00x.

## SEC filing metadata
- accession: 0000950170-22-025675
- form_type: 8-K
- ticker: SSTI
- cik: 0001351636
- company_name: SOUNDTHINKING, INC.
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/0000950170-22-025675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/ssti-20221122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025675
- JSON: https://secwatch.observer/filing/0000950170-22-025675.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025675.txt

## Key facts
- Debt Financings
  SOUNDTHINKING, INC. amended revolving credit of $25.0 million with Umpqua Bank at SOFR rate plus 2.0% per annum maturing October 15, 2024.
  - Instrument: revolving credit
  - Principal: $25.0 million
  - Counterparty: Umpqua Bank
  - Rate: SOFR rate plus 2.0% per annum
  - Maturity: October 15, 2024
  - Event: amendment
  source text: On November 22, 2022, ShotSpotter, Inc. (the “Company”) entered into a Fifth Amendment to Credit Agreement with Umpqua Bank (the “Amendment”), which amends the terms of that certain Credit Agreement, dated as of September 27, 2018, as amended (as amended by the Amendment, the “Credit Agreement”), to, among other things, (1) extend the maturity date from November 27, 2022 to October 15, 2024, (2) increase the revolving credit commitment from $20.0 million to $25.0 million, (3) increase the letter of credit sub-facility from $6.0 million to $7.5 million, (4) remove the minimum profitability covenants and (5) replace the LIBOR index rate with a Term Secured Overnight Financing Rate (“SOFR”) index rate.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/0000950170-22-025675-index.htm
- Material Agreements
  SOUNDTHINKING, INC. amended Fifth Amendment to Credit Agreement with Umpqua Bank (effective 2022-11-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Umpqua Bank
  - Effective: 2022-11-22
  source text: Item 1.01 Entry Into a Material Definitive Agreement. On November 22, 2022, ShotSpotter, Inc. (the “Company”) entered into a Fifth Amendment to Credit Agreement with Umpqua Bank (the “Amendment”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/0000950170-22-025675-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.