secwatch.observer — SEC 8-K summary
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Issuer:     DOMO, INC. (DOMO)
CIK:        0001505952
Form:       8-K
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001505952-24-000047
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505952/000150595224000047/0001505952-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505952/000150595224000047/domo8k-20240819.htm
  HTML page:      https://secwatch.observer/filing/0001505952-24-000047

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