Moatable, Inc.: debt financing — 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.

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

Moatable, Inc. incurred credit facility of $9.75 million with PNC Bank, National Association at Daily Simple SOFR plus 1.50%, plus a credit spread adjustment of 0.1% maturing October 31, 2026.

Instrument: credit facility
Principal: $9.75 million
Counterparty: PNC Bank, National Association
Rate: Daily Simple SOFR plus 1.50%, plus a credit spread adjustment of 0.1%
Maturity: October 31, 2026
Event: incurrence

Exact text from the filing

The Borrowers borrowed $9.75 million under the Credit Facility on September 11, 2025.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-25-089528

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.