Identiv amends loan with East West Bank; maturity extended to Feb 2025, new cash management sublimit added

Identiv, Inc.

Maturity of Nonformula II Facility extended to February 8, 2025.
Added $125,000 Cash Management Sublimit under the Nonformula II Facility.
Minimum trailing twelve-month EBITDA set at $2.5M (Q1/Q2 2023) then $3.5M thereafter.
Facility fee of 0.25% of Nonformula II Line payable annually.
Borrower represented no existing financing with Citibank; no amounts owed by Securitas AB.

item 1.01 item 9.01

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

Identiv, Inc. amended Fourth Amendment with East West Bank (effective 2023-02-08).

Action: amendment
Agreement: credit facility
Counterparty: East West Bank
Effective: 2023-02-08

Exact text from the filing

On February 8, 2023, Identiv, Inc. (the “Company”) entered into an amendment (the “Fourth Amendment”) to its Amended and Restated Loan and Security Agreement with East West Bank (as amended to date, the “Loan Agreement”).

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Identiv, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-028274

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