secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2022-03-17T23:59:59+00:00
Accession:  0001213900-22-013232
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics enters $30M secured revolving credit facility with JPMorgan
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- Three-year multicurrency revolver; initial capacity $30M, expandable to $50M.
- As of March 17, 2022, $5M drawn; proceeds for working capital and general corporate purposes.
- Interest rates: base rate + 1.00%-1.50% or adjusted SOFR/EURIBOR + 2.00%-2.50%, depending on leverage.
- Facility matures March 15, 2025; secured by substantially all personal property of borrower and guarantors.
- Contains customary covenants, including total leverage ratio maintenance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000121390022013232/0001213900-22-013232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000121390022013232/ea157026-8k_griddynamics.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-013232

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