---
schema_version: "secwatch.filing_event.v1"
accession: "0001476840-25-000103"
form_type: "8-K"
ticker: "EXFY"
cik: "0001476840"
company_name: "Expensify, Inc."
filed_at: "2025-07-08T23:59:59+00:00"
generated_at: "2026-05-18T09:04:28.803003+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Expensify terminates undrawn credit facility with CIBC; no penalties incurred

## Summary
- Terminated Second Amended and Restated Loan and Security Agreement with CIBC on July 1, 2025.
- No borrowings outstanding; revolving line and letters of credit fully undrawn at termination.
- All obligations paid in full, liens released, and collateral returned.
- No penalties incurred by Expensify as a result of the termination.

## SEC filing metadata
- accession: 0001476840-25-000103
- form_type: 8-K
- ticker: EXFY
- cik: 0001476840
- company_name: Expensify, Inc.
- filed_at: 2025-07-08T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476840/000147684025000103/0001476840-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476840/000147684025000103/exfy-20250701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476840-25-000103
- JSON: https://secwatch.observer/filing/0001476840-25-000103.json
- Plain text: https://secwatch.observer/filing/0001476840-25-000103.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.