debt
confidence high
sentiment positive
materiality 0.65
Alkami amends credit agreement: revolver increased by $65M to $125M, maturity extended to 2027
ALKAMI TECHNOLOGY, INC.
- Revolving commitment raised $65M to $125M; maturity extended from Apr 2026 to Apr 2027.
- Accordion feature increased from $50M to $100M for additional borrowing if needed.
- New financial covenant: minimum trailing four-quarter free cash flow of $25M.
- After financial covenant trigger date, fixed charge coverage ratio replaced with minimum interest coverage ratio of 3.0x.
- Silicon Valley Bank (First-Citizens) remains administrative agent; fees and expenses paid by borrower.