OneSpan Inc. (OSPN): debt financing — OneSpan secures $100M revolving credit facility with MUFG Bank

OneSpan Inc.

$100M revolving credit facility with MUFG Bank; matures June 23, 2030.
No borrowings outstanding at closing; proceeds for general corporate purposes.
Interest based on SOFR/prime rate plus margin 1.00%-2.50%; commitment fee 0.25%-0.30%.
Facility secured by substantially all assets of OneSpan and certain subsidiaries.
Includes letter-of-credit sublimit of $10M and customary covenants/default provisions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OneSpan Inc. incurred revolving credit of $100,000,000 with MUFG Bank, Ltd. at base rate or term SOFR plus applicable rate ranging from 1.00% to 2.50% maturing June 23, 2030.

Instrument: revolving credit
Principal: $100,000,000
Counterparty: MUFG Bank, Ltd.
Rate: base rate or term SOFR plus applicable rate ranging from 1.00% to 2.50%
Maturity: June 23, 2030
Event: incurrence

Exact text from the filing

of the Exchange Act. o ITEM 1.01 Entry into a Material Definitive Agreement On June 23, 2025, OneSpan Inc. (the “Company”) and certain subsidiaries of the Company entered into a $100,000,000 Credit Agreement (the “Credit Agreement”) with MUFG Bank, Ltd., as Administrative Agent, Swingline Lender and L/C Issuer (“MUFG”), and the lenders party thereto. The Credit

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OneSpan Inc. filing history →

Source: SEC EDGAR

accession 0001044777-25-000005

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