secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001529274-22-000072
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkami enters amended $125M credit facility; $85M term loan drawn to fund Segmint acquisition
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- New $85M term loan drawn at closing; proceeds used to replenish cash for Segmint acquisition closed April 25, 2022.
- Revolving facility of $40M committed; accordion allows up to $50M additional commitments.
- Facility matures April 29, 2025; interest at SOFR + 3.00-3.50% per annum based on recurring revenue leverage.
- Quarterly principal payments on term loan start June 30, 2023, increasing over time.
- Lenders: Silicon Valley Bank, Comerica Bank, Canadian Imperial Bank of Commerce.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927422000072/0001529274-22-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927422000072/alk-20220429.htm
  HTML page:      https://secwatch.observer/filing/0001529274-22-000072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer