---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-002441"
form_type: "8-K"
ticker: "CMBMF"
cik: "0001738177"
company_name: "Cambium Networks Corp"
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T03:14:03.052976+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cambium Networks amends credit agreement with covenant relief, higher interest rates

## Summary
- Second Amendment provides covenant relief period; no longer tests leverage or fixed charge coverage ratios.
- Interest rates increased to 3.25% (Term SOFR) and 2.25% (Base Rate); commitment fee rises to 0.35%.
- Must maintain specified liquidity and Consolidated EBITDA levels during relief period.
- Maturity unchanged at Nov 17, 2026; term loan requires quarterly principal payments of $656,250.
- Must execute additional collateral under English law within 60 days; transition services to Bank of America by June 2025.

## SEC filing metadata
- accession: 0000950170-24-002441
- form_type: 8-K
- ticker: CMBMF
- cik: 0001738177
- company_name: Cambium Networks Corp
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/0000950170-24-002441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/cmbm-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-002441
- JSON: https://secwatch.observer/filing/0000950170-24-002441.json
- Plain text: https://secwatch.observer/filing/0000950170-24-002441.txt

## Key facts
- Debt Financings
  Cambium Networks Corp amended credit facility with Bank of America, N.A. at Applicable Rate of interest being incurred on any outstanding Loans is increased maturing November 17, 2026.
  - Instrument: credit facility
  - Counterparty: Bank of America, N.A.
  - Rate: Applicable Rate of interest being incurred on any outstanding Loans is increased
  - Maturity: November 17, 2026
  - Event: amendment
  source text: The Second Amendment amends the Existing Credit Agreement by, among other things, establishing a Covenant Relief Period during which time Holdings is (a) required to maintain certain Liquidity as provided in the Amended Credit Agreement, (b) required to maintain certain levels of Consolidated EBITDA as provided in the Amended Credit Agreement, (c) required to provide certain additional financial reporting to the Administrative Agent and (d) not required to meet (or, during such period, test) its Consolidated Leverage Ratio or Consolidated Fixed Charge Coverage Ratio. Additionally, the Second Amendment provides that, during the Covenant Relief Period, (x) the Applicable Rate of interest being incurred on any outstanding Loans is increased to 3.25% per annum for Term SOFR Loans and 2.25% per annum for Base Rate Loans, (y) the commitment fee for undrawn commitments is increased to 0.35% and (z) the ability of the Loan Parties to make certain Investments, Dispositions and Restricted Paymen
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/0000950170-24-002441-index.htm
- Material Agreements
  Cambium Networks Corp amended Second Amendment to Credit Agreement with Bank of America, N.A., as Administrative Agent, and the other Lenders party thereto (effective 2023-12-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent, and the other Lenders party thereto
  - Effective: 2023-12-29
  source text: On December 29, 2023 (the "Amendment Effective Date"), Cambium Networks Corporation (the “Company”) entered into the Second Amendment to Credit Agreement (the “Second Amendment"), which amends the Credit Agreement, dated as of November 17, 2021 (the “Original Credit Agreement," the Original Credit Agreement as amended prior to the date hereof, the “Existing Credit Agreement," and the Existing Credit Agreement, as amended by the Second Amendment, the “Amended Credit Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/0000950170-24-002441-index.htm

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