secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cambium Networks Corp (CMBMF)
CIK:        0001738177
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0000950170-24-002441
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/0000950170-24-002441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738177/000095017024002441/cmbm-20231229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-002441

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