Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
OOMA INC incurred revolving credit of $30 million revolving credit facility with Citizens Bank, N.A. at ABR Loans ... will bear interest at a rate equal to the "Alternate Base Rate" .. maturing October 19, 2026.
- Instrument
- revolving credit
- Principal
- $30 million revolving credit facility
- Counterparty
- Citizens Bank, N.A.
- Rate
- ABR Loans ... will bear interest at a rate equal to the "Alternate Base Rate" ..
- Maturity
- October 19, 2026
- Event
- incurrence
Exact text from the filing
On October 20, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with Citizens Bank, N.A., as Administrative Agent (the “Agent”), lender, sole lead arranger and sole book runner. The Credit Agreement provides for an initial $30 million revolving credit facility (the “Revolving Facility”), which includes a subfacility for letters of credit.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OOMA INC entered into Credit Agreement with Citizens Bank, N.A. valued at $30 million (effective 2023-10-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citizens Bank, N.A.
- Value
- $30 million
- Effective
- 2023-10-20
Exact text from the filing
On October 20, 2023, the Company entered into a credit agreement (the “Credit Agreement”) with Citizens Bank, N.A., as Administrative Agent (the “Agent”), lender, sole lead arranger and sole book runner.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
OOMA INC entered into Agreement and Plan of Merger with 2600hz, Inc. valued at $33 million (effective 2023-10-20).
- Action
- entry
- Agreement
- merger
- Counterparty
- 2600hz, Inc.
- Value
- $33 million
- Effective
- 2023-10-20
Exact text from the filing
On October 20, 2023, Ooma, Inc., a Delaware corporation (the “Company”), and Geneva Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with 2600hz, Inc., a Delaware corporation (“2600hz”), and Fortis Advisors LLC, a Delaware limited liability company, as representative of certain securityholders of 2600hz.
View on SEC.gov