secwatch.observer — SEC 8-K summary
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Issuer:     DoubleVerify Holdings, Inc. (DV)
CIK:        0001819928
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001104659-24-088519
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DoubleVerify enters $200M senior secured revolving credit facility, maturing 2029
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- New $200M revolving credit facility (with $20M LC sublimit) replaces existing facility; matures August 12, 2029.
- Interest rates: SOFR plus 2.00%-2.75% or ABR plus 1.00%-1.75% depending on leverage; commitment fees 0.25%-0.35%.
- Facility secured by substantially all assets of borrower and certain subsidiaries; includes accordion feature for incremental facilities.
- Covenants include max total net leverage ratio of 4.50:1.00 and customary restrictions on dividends, debt, liens, investments.
- JPMorgan Chase Bank acts as administrative agent; Bank of America, Capital One, Goldman Sachs as syndication agents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819928/000110465924088519/0001104659-24-088519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819928/000110465924088519/tm2421458d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-088519

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