debt
confidence high
sentiment neutral
materiality 0.65
Moatable units secure $9.75M credit facility for Class A share tender offer
Moatable, Inc.
- Borrowed $9.75M from PNC Bank on Sept 11, 2025; proceeds fund tender offer of up to 225M Class A ordinary shares at $3.00 per ADS.
- Interest at Daily Simple SOFR + 1.50% + 0.10% credit spread; matures Oct 31, 2026.
- 100% cash collateralized; unused portion subject to 0.15% commitment fee.
- Repayment allowed anytime without premium; no mandatory prepayments or amortization.
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