secwatch.observer — SEC 8-K summary
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Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001410384-24-000159
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000159/0001410384-24-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038424000159/qtwo-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001410384-24-000159

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