Sprinklr amends credit facility: $50M revolver, maturity extended to Jan 2026

Sprinklr, Inc.

Borrowing capacity increased to $50M revolver, including $15M letter of credit sublimit.
Maturity date extended to January 31, 2026; borrowing base eliminated.
Interest rate set at ABR plus 0.0% with a 5.50% floor; unused line fee 0.25% per annum.
New financial covenant: minimum adjusted quick ratio of 1.25 to 1.00, tested monthly.
Amendment with Silicon Valley Bank as administrative agent and lender.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sprinklr, Inc. amended Twelfth Amendment to Credit Agreement with Silicon Valley Bank, as administrative agent, and the lenders party thereto valued at $50.0 million (effective 2023-01-31).

Action: amendment
Agreement: credit facility
Counterparty: Silicon Valley Bank, as administrative agent, and the lenders party thereto
Value: $50.0 million
Effective: 2023-01-31

Exact text from the filing

On January 31, 2023, Sprinklr, Inc. (the “ Company ”) entered into the Twelfth Amendment to Credit Agreement (the “ Credit Agreement Amendment ”), by and among the Company, Silicon Valley Bank, as administrative agent (“ SVB ”), and the lenders party thereto (the “ Lenders ”).

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Sprinklr, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-021569

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