secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001529274-24-000143
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alkami amends credit agreement: revolver increased by $65M to $125M, maturity extended to 2027
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000143/0001529274-24-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000143/alk-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001529274-24-000143

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