secwatch.observer — SEC 8-K summary
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Issuer:     Climb Global Solutions, Inc. (CLMB)
CIK:        0000945983
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001558370-23-010337
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/0001558370-23-010337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945983/000155837023010337/clmb-20230518x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010337

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