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

Issuer:     Payoneer Global Inc. (PAYO)
CIK:        0001845815
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001104659-21-133421
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Payoneer subsidiary enters $25M receivables loan facility, expandable to $100M
------------------------------------------------------------------------------

- Initial committed amount $25M from lenders; can increase up to $100M with lender consent.
- Borrowings secured by merchant cash advances; recourse limited to borrower's assets, no parent guarantee.
- Interest rates: LIBOR + 9.00% at $25M, stepping down to LIBOR + 7.00% at $100M; 36-month revolving, 42-month maturity.
- Prior $70M revolving credit facility terminated Sept 14, 2021, with no outstanding amounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845815/000110465921133421/0001104659-21-133421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845815/000110465921133421/tm2131419d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-133421

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