secwatch.observer — SEC 8-K summary
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Issuer:     OneSpan Inc. (OSPN)
CIK:        0001044777
Form:       8-K
Filed at:   2025-06-24T23:59:59+00:00
Accession:  0001044777-25-000005
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OneSpan secures $100M revolving credit facility with MUFG Bank
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1044777/000104477725000005/0001044777-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1044777/000104477725000005/ospn-20250623.htm
  HTML page:      https://secwatch.observer/filing/0001044777-25-000005

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