---
schema_version: "secwatch.filing_event.v1"
accession: "0001529274-23-000134"
form_type: "8-K"
ticker: "ALKT"
cik: "0001529274"
company_name: "ALKAMI TECHNOLOGY, INC."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:31:08.960310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Alkami increases credit facility by $20M, extends maturity to April 2026

## Summary
- Revolving loan commitment increased by $20M to $60M; Citibank added as new lender.
- Maturity date extended from April 29, 2025 to April 29, 2026.
- Amendment adds free cash flow financial covenant; total leverage and fixed charge coverage ratios apply after April 29, 2025.
- Existing annual recurring revenue growth and liquidity covenants cease after the trigger date.
- Applicable interest margin grid updated to be based on total leverage ratio after trigger date.

## SEC filing metadata
- accession: 0001529274-23-000134
- form_type: 8-K
- ticker: ALKT
- cik: 0001529274
- company_name: ALKAMI TECHNOLOGY, INC.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/0001529274-23-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/alk-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001529274-23-000134
- JSON: https://secwatch.observer/filing/0001529274-23-000134.json
- Plain text: https://secwatch.observer/filing/0001529274-23-000134.txt

## Key facts
- Debt Financings
  ALKAMI TECHNOLOGY, INC. amended credit facility of $20,000,000 with Silicon Valley Bank maturing April 29, 2026.
  - Instrument: credit facility
  - Principal: $20,000,000
  - Counterparty: Silicon Valley Bank
  - Maturity: April 29, 2026
  - Event: amendment
  source text: The Amendment, among other things, (i) increases the amount of the revolving loan commitment by $20,000,000 (with Citibank, N.A., joining as a new lender), (ii) extends the maturity date for one year from April 29, 2025 to April 29, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/0001529274-23-000134-index.htm
- Material Agreements
  ALKAMI TECHNOLOGY, INC. amended First Amendment to Amended and Restated Credit Agreement with Silicon Valley Bank valued at increases the amount of the revolving loan commitment by $20,000,000 and extends the maturity date f (effective 2023-06-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: increases the amount of the revolving loan commitment by $20,000,000 and extends the maturity date f
  - Effective: 2023-06-27
  source text: On June 27, 2023, the Company entered into a First Amendment (the “Amendment”) to the Company’s Amended and Restated Credit Agreement dated as of April 29, 2022 (the “Credit Agreement”), with Silicon Valley Bank, as Administrative Agent, and the other lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/0001529274-23-000134-index.htm

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