secwatch.observer — SEC 8-K summary
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Issuer:     DocGo Inc. (DCGO)
CIK:        0001822359
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001213900-22-068671
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DocGo enters $90M revolving credit facility with Citibank; includes $50M accordion option
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- $90M secured line of credit with Citibank as administrative agent, five-year maturity.
- Facility includes a $50M accordion option to increase commitments, subject to lender consent.
- Revolving facility was undrawn as of November 1, 2022.
- Funds intended for opportunistic M&A and working capital; CFO cites strong balance sheet and positive cash flow.
- Interest rate based on SOFR or base rate plus applicable margin (initial SOFR margin 1.25%), tied to leverage ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822359/000121390022068671/0001213900-22-068671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822359/000121390022068671/ea167909-8k_docgoinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-068671

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