---
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"
generated_at: "2026-06-17T06:10:51.736609+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Innodata enters $10M revolving credit facility with Wells Fargo; initial borrowing base $3.3M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-042168
- JSON: https://secwatch.observer/filing/0001104659-23-042168.json
- Plain text: https://secwatch.observer/filing/0001104659-23-042168.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $10.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Daily Simple SOFR plus 2.25%
  - Maturity: April 4, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/0001104659-23-042168-index.htm
- Material Agreements
  INNODATA INC entered into Credit Agreement with Wells Fargo Bank, National Association valued at $10.0 million (effective 2023-04-04).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $10.0 million
  - Effective: 2023-04-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923042168/0001104659-23-042168-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.