secwatch.observer — SEC 8-K summary
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Issuer:     Flywire Corp (FLYW)
CIK:        0001580560
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001193125-21-236325
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flywire enters $50M senior secured credit facility, repays existing SVB loan
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- New 3-year $50M revolving credit facility with Citibank as administrative agent; $25.9M drawn at closing.
- Loans bear interest at LIBOR+1.75%-2.25% or ABR+0.75%-1.25%, depending on liquidity.
- Commitment fee on undrawn portion: 0.25%-0.35% per annum.
- Proceeds used to repay $25.5M outstanding under existing SVB credit facility, terminating that agreement.
- Facility includes up to $50M accordion feature and sublimits for letters of credit and swingline loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580560/000119312521236325/0001193125-21-236325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580560/000119312521236325/d209980d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-236325

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