secwatch.observer — SEC 8-K summary
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Issuer:     INNODATA INC (INOD)
CIK:        0000903651
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001104659-24-087285
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903651/000110465924087285/0001104659-24-087285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903651/000110465924087285/tm2421053d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-087285

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