debt
confidence high
sentiment neutral
materiality 0.25
Appian amends loan agreement with SVB; maturity extended to Nov 2025, benchmark switched to SOFR
APPIAN CORP
- Maturity date of existing loan agreement extended from prior date to November 1, 2025.
- LIBOR replaced with Term SOFR as the benchmark rate for advances.
- As of January 3, 2022, no amounts are outstanding under the loan agreement.