Q2 Holdings enters $125M secured revolving credit agreement with Wells Fargo/Texas Capital Bank

Q2 Holdings, Inc.

Five-year revolving line of $125M, with sublimits of $20M swingline and $10M letters of credit.
No amounts drawn as of July 31, 2024; subsidiary Q2 Software guarantees obligations with first-priority security interest.
Interest rates based on Base Rate or Adjusted Term SOFR plus applicable margin of 0.75%-1.50% and 1.75%-2.50% respectively.
Financial covenants apply only if liquidity falls below specified levels; customary events of default and representations.

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