secwatch.observer — SEC 8-K summary
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Issuer:     Sprinklr, Inc. (CXM)
CIK:        0001569345
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001193125-23-021569
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569345/000119312523021569/0001193125-23-021569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569345/000119312523021569/d417816d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-021569

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