Grid Dynamics extends credit facility maturity to 2028, raises covenant baskets

GRID DYNAMICS HOLDINGS, INC.

• Maturity extended to March 15, 2028 via Fourth Amendment to existing $30M revolving credit facility.
• Revolving facility size remains $30M ($10M LC sublimit); can be increased to $50M subject to lender commitments.
• No outstanding borrowings as of May 20, 2025; facility supports working capital and general corporate purposes.
• Interest rates unchanged: base rate plus 1.00–1.50% or SOFR/EURIBOR plus 2.00–2.50% based on leverage ratio.
• Amendment increases baskets for debt, liens, investments, dispositions, and restricted payment covenants.