secwatch.observer — SEC 8-K summary
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Issuer:     ALKAMI TECHNOLOGY, INC. (ALKT)
CIK:        0001529274
Form:       8-K/A
Filed at:   2024-07-03T23:59:59+00:00
Accession:  0001529274-24-000146
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000146/0001529274-24-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529274/000152927424000146/alk-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001529274-24-000146

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