---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-267220"
form_type: "8-K"
ticker: "OUST"
cik: "0001816581"
company_name: "Ouster, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:53:30.217372+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ouster enters $45M revolving credit facility with UBS, borrows $44M to repay Hercules loan

## Summary
- Borrowed $44M on Oct 25, 2023 under new $45M revolving credit line from UBS Bank USA.
- Proceeds used to prepay and terminate existing term loan facility with Hercules Capital.
- Interest rate: SOFR average + 0.110% + 1.20% for variable rate loans; fixed rates also available.
- Must maintain $52M minimum liquidity in restricted cash; credit line matures Aug 2, 2025.
- Management expects lower interest expense and more operational flexibility versus prior loan.

## SEC filing metadata
- accession: 0001193125-23-267220
- form_type: 8-K
- ticker: OUST
- cik: 0001816581
- company_name: Ouster, Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816581/000119312523267220/0001193125-23-267220-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816581/000119312523267220/d565300d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-267220
- JSON: https://secwatch.observer/filing/0001193125-23-267220.json
- Plain text: https://secwatch.observer/filing/0001193125-23-267220.txt

## Key facts
- Debt Financings
  Ouster, Inc. incurred revolving credit of up to $45.0 million with UBS Bank USA at SOFR average plus 0.110% plus 1.20% for variable rate loans maturing August 2, 2025.
  - Instrument: revolving credit
  - Principal: up to $45.0 million
  - Counterparty: UBS Bank USA
  - Rate: SOFR average plus 0.110% plus 1.20% for variable rate loans
  - Maturity: August 2, 2025
  - Event: incurrence
  source text: Inc. The facility under the Agreement matures and terminates on August 2, 2025 (the “ Maturity Date ”). The Agreement provides the Company with a revolving credit line of up to $45.0 million, subject to certain terms and conditions. The Company borrowed $44.0 million on the Closing Date, and all of the proceeds were used to prepay and terminate the Company’s term
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816581/000119312523267220/0001193125-23-267220-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.