Innodata amends Wells Fargo credit facility to $30M, with $150k amendment fee

INNODATA INC

Revolving credit facility increased to lesser of borrowing base and $30M; can request up to $50M with lender approval.
Borrowing base as of June 30, 2024 would equal approximately $12.4M; foreign account cap raised to $4M.
Amendment fee of $150,000 paid to Wells Fargo, charged to loan account.
Purpose: support anticipated growth with new and existing customers.
Effective August 5, 2024; all other Credit Agreement terms ratified.

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