Cantaloupe enters $40M secured credit facility with JPMorgan; 4-year maturity

CANTALOUPE, INC.

$15M revolving credit facility and $25M term facility; $10M term increase available for 12 months.
Interest at base rate plus 2.50%-3.00% or SOFR plus 3.50%-4.00%; fixed margins through June 2022.
Financial covenant requires total leverage ratio ≤ 3.00x (4.00x after material acquisition).
Facility matures March 2026; secured by substantially all assets of borrower and guarantors.
Proceeds to refinance existing debt, fund working capital, and general corporate purposes.

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