debt
confidence high
sentiment neutral
materiality 0.65
Alkami amends credit agreement: revolver increased to $125M, maturity extended to 2027
ALKAMI TECHNOLOGY, INC.
- Revolver commitment increased by $65M to $125M; maturity extended from April 2026 to April 2027.
- Minimum trailing 4Q free cash flow covenant corrected to allow negative $(25M) (original stated positive $25M).
- Accordion feature increased from $50M to $100M for additional borrowing capacity.
- New minimum interest coverage ratio of 3.0x after Financial Covenant Trigger Date (extended to April 2026).