secwatch.observer — SEC 8-K summary
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Issuer:     nCino, Inc. (NCNO)
CIK:        0001902733
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001193125-22-041613
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nCino enters $50M revolving credit facility with Bank of America, matures 2024
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902733/000119312522041613/0001193125-22-041613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902733/000119312522041613/d319370d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-041613

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer