secwatch.observer — SEC 8-K summary
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Issuer:     Ouster, Inc. (OUST)
CIK:        0001816581
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001193125-23-267220
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523267220/0001193125-23-267220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816581/000119312523267220/d565300d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267220

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