secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDTHINKING, INC. (SSTI)
CIK:        0001351636
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0000950170-22-025675
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/0000950170-22-025675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1351636/000095017022025675/ssti-20221122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025675

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer