secwatch.observer — SEC 8-K summary
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Issuer:     AvePoint, Inc. (AVPT)
CIK:        0001777921
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001437749-23-030336
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvePoint secures $30M revolving credit facility from HSBC with $20M accordion
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- Revolving line of credit up to $30.0M with an additional $20.0M accordion feature.
- Interest rate: Term SOFR plus 3.00%-3.25% depending on Consolidated Total Leverage Ratio.
- Unused facility fee from 0.50% to 0.55%; facility fee of $90,000 paid on closing.
- Matures November 3, 2026; no outstanding balance as of filing date.
- Covenants include minimum fixed charge coverage and maximum leverage ratio; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777921/000143774923030336/0001437749-23-030336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777921/000143774923030336/avpt20231031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030336

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