secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001529274-23-000134
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/0001529274-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927423000134/alk-20230627.htm
  HTML page:      https://secwatch.observer/filing/0001529274-23-000134

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