secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0001104659-25-051629
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000110465925051629/0001104659-25-051629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000110465925051629/tm2515714d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer