secwatch.observer — SEC 8-K summary
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Issuer:     TUCOWS INC /PA/ (TCX)
CIK:        0000909494
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0001437749-25-028784
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tucows extends credit facility maturity to September 2027; $240M revolver unchanged
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- Extension Agreement dated Sep 8, 2025 pushes maturity of $240M revolving credit facility from 2026 to Sep 22, 2027.
- Accordion feature remains at up to $60M additional commitments subject to leverage ratio below 3.75x.
- Certain definitions for Adjusted EBITDA calculation amended; no change to overall commitment amount or pricing.
- Extension fee of $288,000 (12 bps p.a.) paid to lenders.
- Credit Agreement otherwise unchanged; borrowers include Tucows, Ting, Wavelo, and others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/909494/000143774925028784/0001437749-25-028784-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/909494/000143774925028784/tcx20250904_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-028784

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