{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-042168","form_type":"8-K","ticker":"INOD","cik":"0000903651","company_name":"INNODATA INC","filed_at":"2023-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.736336+00:00","generated_at":"2026-06-17T06:10:51.736609+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Innodata enters $10M revolving credit facility with Wells Fargo; initial borrowing base $3.3M","bullets":["Credit Agreement with Wells Fargo provides secured revolver up to $10M, maturing April 4, 2026.","Borrowing base = 85% eligible accounts (foreign up to $2M); initial borrowing base ~$3.3M.","Interest at Daily Simple SOFR + 2.25%; financial covenant: fixed charge coverage ratio >= 1.10x by Dec 31, 2023.","Unused line fee 0.25% p.a.; closing fee 0.75% of $10M paid on closing.","Proceeds to support anticipated growth; secured by first-priority liens on assets of borrowings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-042168","json":"https://secwatch.observer/filing/0001104659-23-042168.json","markdown":"https://secwatch.observer/filing/0001104659-23-042168.md","text":"https://secwatch.observer/filing/0001104659-23-042168.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/0001104659-23-042168-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/tm2311450d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:10:51.736609+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b29f5eefd7597ae0f5c2bc4db8ec88a8f73498fd","claim":"INNODATA INC incurred revolving credit of $10.0 million with Wells Fargo Bank, National Association at Daily Simple SOFR plus 2.25% maturing April 4, 2026.","evidence_excerpt":"The Credit Agreement provides for a secured revolving line of credit (the \"Revolving Credit Facility\") up to an amount equal to the lesser of the borrowing base and $10.0 million (the \"Maximum Credit\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/0001104659-23-042168-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Daily Simple SOFR plus 2.25%"},{"label":"Maturity","value":"April 4, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9a73d206e90364f6c29bd269caab1ea0eccdc688","claim":"INNODATA INC entered into Credit Agreement with Wells Fargo Bank, National Association valued at $10.0 million (effective 2023-04-04).","evidence_excerpt":"On April 4, 2023 (the “Closing Date”), Innodata Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as lender (the “Lender”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/0001104659-23-042168-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"$10.0 million"},{"label":"Effective","value":"2023-04-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}