debt
confidence high
sentiment neutral
materiality 0.50
nCino enters $50M revolving credit facility with Bank of America, matures 2024
nCino, Inc.
- $50M senior secured revolver; letters of credit sublimit $7.5M.
- Interest options: Base Rate (0% margin) or BSBY+1.00%; unused fee 0.25%.
- Financial covenant: maintain consolidated liquidity at least $50M.
- Credit facility matures February 11, 2024; no prepayment penalty.
- Guaranteed by nCino and material domestic subs; secured by substantially all personal property.