AUDIOEYE INC (AEYE): debt financing — AudioEye enters $12M term loan and $3M revolver with Western Alliance Bank, repays SG Credit Partners debt

AUDIOEYE INC

Closed on $12.0M term loan (Term A Advance) on March 31, 2025, with additional $5.0M available through March 2026 and $3.0M revolving credit line.
Maturity date of March 31, 2030; interest rate at Term SOFR + 3.25% (floor 2.30%).
Proceeds used to repay ~$7.3M outstanding under prior SG Credit Partners loan, plus working capital and potential acquisitions.
Covenants include minimum $3M cash and Committed Debt to ARR ratio between 0.70 and 0.55 through June 2026; later leverage and fixed charge coverage ratios.
Borrowers granted first-priority security interest in all assets; facility fees of $50,000 paid at closing.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AUDIOEYE INC incurred revolving credit of $3.0 million with Western Alliance Bank at 3.25% above the term SOFR rate maturing March 31, 2030.

Instrument: revolving credit
Principal: $3.0 million
Counterparty: Western Alliance Bank
Rate: 3.25% above the term SOFR rate
Maturity: March 31, 2030
Event: incurrence

Exact text from the filing

revolving line of credit in an aggregate outstanding amount not to exceed $3.0 million (the “Revolving Facility”)

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AUDIOEYE INC incurred credit facility of $12.0 million term loan advance with Western Alliance Bank at 3.25% above the term SOFR rate maturing March 31, 2030.

Instrument: credit facility
Principal: $12.0 million term loan advance
Counterparty: Western Alliance Bank
Rate: 3.25% above the term SOFR rate
Maturity: March 31, 2030
Event: incurrence

Exact text from the filing

The Loan Agreement provides for a (i) term loan facility, comprising of a $12.0 million term loan advance (the “Term A Advance”) funded on March 31, 2025

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AUDIOEYE INC filing history →

Source: SEC EDGAR

accession 0001104659-25-030650

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