secwatch.observer — SEC 8-K summary
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Issuer:     International Money Express, Inc. (IMXI)
CIK:        0001683695
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001140361-22-041129
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Money Express replaces LIBOR with SOFR, eases restricted payment limits
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- Amendment replaces LIBOR with SOFR plus 0.10% adjustment; margin ranges 2.50%-3.00%.
- Restricted payments (incl. stock buybacks) allowed up to $23.75M or 25% of EBITDA per year, or unlimited if leverage ≤2.25x.
- Base Rate interest also revised to reference SOFR; margin 1.50%-2.00%.
- Amendment effective Nov 10, 2022; Credit Agreement otherwise unchanged.
- Loan parties waived all claims against lenders up to the amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1683695/000114036122041129/0001140361-22-041129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1683695/000114036122041129/brhc10043885_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-041129

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