secwatch.observer — SEC 8-K summary
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Issuer:     NERDWALLET, INC. (NRDS)
CIK:        0001625278
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001625278-23-000109
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/0001625278-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1625278/000162527823000109/nrds-20230926.htm
  HTML page:      https://secwatch.observer/filing/0001625278-23-000109

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