Domo amends loan agreement, extends maturity to April 2026, adds EBITDA covenant

DOMO, INC.

Maturity extended to April 1, 2026; maximum debt ratio replaced with minimum annualized recurring revenue covenant.
Minimum liquidity covenant threshold increased; new minimum consolidated EBITDA covenant added.
Domo issued warrants for 189,036 shares of Class B common stock at $0.01 per share to lenders.
Amendment modifies Loan and Security Agreement dated August 8, 2023.
Warrants issued in reliance on Section 4(a)(2) exemption from registration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

DOMO, INC. amended First Amendment to Amended and Restated Loan and Security Agreement with the lenders party thereto from time to time, Obsidian Agency Services Inc., as collateral agent, and Wilmington Trust, National Association, as administrative agent (effective 2024-02-17).

Action: amendment
Agreement: credit facility
Counterparty: the lenders party thereto from time to time, Obsidian Agency Services Inc., as collateral agent, and Wilmington Trust, National Association, as administrative agent
Effective: 2024-02-17

Exact text from the filing

On February 17, 2024, Domo, Inc., a Delaware corporation (“Domo”) entered into a First Amendment to Amended and Restated Loan and Security Agreement (the “Amendment”), which amends that certain Loan and Security Agreement, dated as of August 8, 2023, among Domo, Domo, Inc., a Utah corporation, the lenders party thereto from time to time (collectively, the “Lenders”), Obsidian Agency Services Inc., as collateral agent for the Lenders, and Wilmington Trust, National Association, as administrative agent for the Lenders (as amended, the “Loan Agreement”).

View on SEC.gov

800 material agreements filed in the last 30 days. Browse all material agreements →

DOMO, INC. filing history →

Source: SEC EDGAR

accession 0001505952-24-000004

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.