Domo amends term loan, extends maturity to 2028 and reduces cash interest cost

DOMO, INC.

Debt maturity extended to August 2028; overall interest rate and annual cash interest cost reduced.
Issued warrants to lenders for 1,022,918 shares of Class B common stock at $0.01 per share.
Amendment supported by funds and accounts managed by BlackRock, the lenders under the facility.
Proceeds used to refinance existing credit extensions and modify financial covenants.
CFO states amendment allows investment in consumption-based pricing model and go-to-market partnerships.

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