secwatch.observer — SEC 8-K summary
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Issuer:     CREATIVE REALITIES, INC. (CREX)
CIK:        0001356093
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001437749-24-018388
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creative Realities closes $22.1M revolver with First Merchants, repays prior debt
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- $22.1M senior secured revolving credit facility with $5M accordion feature; matures May 23, 2027.
- Borrowed $13.9M at close to repay $13.6M owed to Slipstream Communications plus fees.
- Interest rate: 1-month Term SOFR + 0.11% + margin of 2.00%-3.50% based on leverage ratio.
- CEO says no prepayment penalties or fixed amortization, providing flexibility to support growth.
- Facility secured by all assets of Borrowers and guaranteed by Creative Realities Canada, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1356093/000143774924018388/0001437749-24-018388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1356093/000143774924018388/crex20240524_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018388

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer