secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001193125-21-259446
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

ACV Auctions enters $160M revolving credit facility with JPMorgan Chase
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- $160M revolving credit facility maturing in five years; $20M letter of credit subfacility.
- Interest rate at LIBOR + 2.75% or Alternate Base Rate + 1.75%; commitment fee on undrawn portion.
- Financial covenants: minimum liquidity and trailing four-quarter revenue targets.
- Debt secured by substantially all assets of the company and its material domestic subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000119312521259446/0001193125-21-259446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000119312521259446/d202726d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-259446

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