---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010337"
form_type: "8-K"
ticker: "CLMB"
cik: "0000945983"
company_name: "Climb Global Solutions, Inc."
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:47:13.013980+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Climb Global Solutions signs $50M revolving credit facility with JPMorgan Chase, replacing $20M Citibank line

## Summary
- Five-year secured revolving facility of up to $50M, with accordion feature to increase to $70M.
- Replaces existing $20M Citibank line set to expire June 2023; no amounts drawn at closing.
- Interest rate based on Adjusted Term SOFR plus 1.50%-1.75%; commitment fee 0.10%-0.20%.
- Proceeds for working capital, general corporate purposes, and permitted acquisitions.
- CEO Dale Foster states facility provides incremental liquidity for organic and inorganic growth.

## SEC filing metadata
- accession: 0001558370-23-010337
- form_type: 8-K
- ticker: CLMB
- cik: 0000945983
- company_name: Climb Global Solutions, Inc.
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/0001558370-23-010337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/clmb-20230518x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010337
- JSON: https://secwatch.observer/filing/0001558370-23-010337.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010337.txt

## Key facts
- Debt Financings
  Climb Global Solutions, Inc. incurred revolving credit of up to $50.0 million with JPMorgan Chase Bank, N.A. at ABR plus the Applicable Rate maturing May 18, 2028.
  - Instrument: revolving credit
  - Principal: up to $50.0 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: ABR plus the Applicable Rate
  - Maturity: May 18, 2028
  - Event: incurrence
  source text: The Credit Agreement provides for a revolving credit facility of up to $50.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/0001558370-23-010337-index.htm
- Material Agreements
  Climb Global Solutions, Inc. entered into revolving credit agreement with JPMorgan Chase Bank, N.A. valued at revolving credit facility of up to $50.0 million (effective 2023-05-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: revolving credit facility of up to $50.0 million
  - Effective: 2023-05-18
  source text: On May 18, 2023 (the “Closing Date”), Climb Global Solutions, Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) by and among the Company, Programmer’s Paradise, Inc. (“Paradise”), Climb Channel Solutions, Inc. (“Solutions”), Techxtend, Inc. (“Tech”), ISP International Software Partners, Inc. (“International”), Interwork Technologies Inc. (“Interwork” and, together with the Company, Paradise, Solutions, Tech, and International, the “U.S. Borrowers”), Climb Global Solutions Holdings UK LTD (“CGS UK”), Climb Global Solutions LTD (“CGSL” and, together with CGS UK, the “U.K. Borrowers” and, together with the U.S. Borrowers, the “Borrowers”), the other Loan Parties party thereto, the Lenders party thereto, and JPMorgan Chase Bank, N.A. (“JPM”), as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/0001558370-23-010337-index.htm
- Material Agreements
  Climb Global Solutions, Inc. terminated existing revolving credit agreement with Citibank, N.A. valued at termination of existing revolving credit agreement dated November 15, 2017 (effective 2023-05-18).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: termination of existing revolving credit agreement dated November 15, 2017
  - Effective: 2023-05-18
  source text: In connection with entering into the Credit Agreement, the Company voluntarily terminated that certain existing revolving credit agreement, dated November 15, 2017, by and among the Company, certain subsidiaries of the Company and Citibank, N.A.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/0001558370-23-010337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.