---
schema_version: "secwatch.filing_event.v1"
accession: "0001625278-23-000109"
form_type: "8-K"
ticker: "NRDS"
cik: "0001625278"
company_name: "NERDWALLET, INC."
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:11:07.152578+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NerdWallet enters $125M revolving credit facility, replacing prior SVB facility; no initial draw

## Summary
- New $125M senior secured revolving credit facility with JPMorgan Chase, maturing September 26, 2028.
- Replaces prior Amended and Restated Senior Secured Credit Facilities with Silicon Valley Bank.
- No borrowings made; company does not anticipate drawing on facility at this time.
- Facility for general corporate purposes, including acquisitions; quarterly fees 25-35 bps depending on leverage.
- Financial covenants include maximum total net leverage and minimum fixed charge coverage ratios.

## SEC filing metadata
- accession: 0001625278-23-000109
- form_type: 8-K
- ticker: NRDS
- cik: 0001625278
- company_name: NERDWALLET, INC.
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/nrds-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001625278-23-000109
- JSON: https://secwatch.observer/filing/0001625278-23-000109.json
- Plain text: https://secwatch.observer/filing/0001625278-23-000109.txt

## Key facts
- Debt Financings
  NERDWALLET, INC. incurred revolving credit of $125 million with JPMorgan Chase Bank, National Association, as Administrative Agent maturing September 26, 2028.
  - Instrument: revolving credit
  - Principal: $125 million
  - Counterparty: JPMorgan Chase Bank, National Association, as Administrative Agent
  - Maturity: September 26, 2028
  - Event: incurrence
  source text: On September 26, 2023, NerdWallet, Inc., a Delaware corporation (the Company), and three of its wholly owned subsidiaries entered into a Credit Agreement (the Credit Agreement) with JPMorgan Chase Bank, National Association, as Administrative Agent, and a syndicate of lenders. The Credit Agreement provides for a $125 million senior secured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm
- Material Agreements
  NERDWALLET, INC. entered into Credit Agreement with JPMorgan Chase Bank, National Association valued at $125 million senior secured revolving credit facility (effective 2023-09-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, National Association
  - Value: $125 million senior secured revolving credit facility
  - Effective: 2023-09-26
  source text: On September 26, 2023, NerdWallet, Inc., a Delaware corporation (the Company), and three of its wholly owned subsidiaries entered into a Credit Agreement (the Credit Agreement) with JPMorgan Chase Bank, National Association, as Administrative Agent, and a syndicate of lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm
- Material Agreements
  NERDWALLET, INC. terminated Amended and Restated Senior Secured Credit Facilities Credit Agreement dated February 19, 2021 with Silicon Valley Bank valued at Prior credit facility replaced by new Credit Agreement (effective 2023-09-26).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: Prior credit facility replaced by new Credit Agreement
  - Effective: 2023-09-26
  source text: The Credit Facility replaces the Company’s prior credit facility under the Amended and Restated Senior Secured Credit Facilities Credit Agreement dated February 19, 2021 between the Company and Silicon Valley Bank, as administrative agent (the Prior Credit Agreement), which was terminated substantially concurrently with the Company’s entering into the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm

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