secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001104659-22-000492
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine expands revolving credit line by $125M to $525M for acquisitions and working capital
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- Entered First Amendment to Credit Agreement on Dec 29, 2021, increasing revolver from $400M to $525M.
- BofA, Wells Fargo, PNC, Capital One, JPMorgan, and BOKF provided the new $125M commitments.
- Proceeds earmarked for working capital, permitted acquisitions, capital expenditures, and other corporate purposes.
- Upfront fee of 0.25% paid to lead arranger for new commitments; existing terms and covenants largely unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000110465922000492/0001104659-22-000492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000110465922000492/tm221346d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-000492

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