---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-030650"
form_type: "8-K"
ticker: "AEYE"
cik: "0001362190"
company_name: "AUDIOEYE INC"
filed_at: "2025-04-01T23:59:59+00:00"
generated_at: "2026-05-24T00:28:04.340078+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AudioEye enters $12M term loan and $3M revolver with Western Alliance Bank, repays SG Credit Partners debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-030650
- form_type: 8-K
- ticker: AEYE
- cik: 0001362190
- company_name: AUDIOEYE INC
- filed_at: 2025-04-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/tm2511082d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-030650
- JSON: https://secwatch.observer/filing/0001104659-25-030650.json
- Plain text: https://secwatch.observer/filing/0001104659-25-030650.txt

## Key facts
- Debt Financings
  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
  source text: revolving line of credit in an aggregate outstanding amount not to exceed $3.0 million (the “Revolving Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1362190/000110465925030650/0001104659-25-030650-index.htm

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