secwatch.observer — SEC 8-K summary
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Issuer:     TUCOWS INC /PA/ (TCX)
CIK:        0000909494
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001437749-21-027090
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tucows upsizes revolving credit facility from $180M to $240M under amended credit agreement
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- New $240M senior secured revolver replaces existing $180M facility; borrowing capacity increased by $60M.
- Interest margins range from LIBOR+1.75% to 3.25% based on total funded debt to EBITDA ratio.
- Borrowers include Tucows.com Co., Ting Fiber, Ting Inc., Tucows (Delaware) and Tucows (Emerald); RBC is agent.
- Proceeds available for general corporate purposes; customary covenants and events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909494/000143774921027090/0001437749-21-027090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909494/000143774921027090/tcx20211115_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-027090

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