---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-007062"
form_type: "8-K"
ticker: "CTLP"
cik: "0000896429"
company_name: "CANTALOUPE, INC."
filed_at: "2022-03-24T23:59:59+00:00"
generated_at: "2026-06-26T19:08:45.929953+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-22-007062
- form_type: 8-K
- ticker: CTLP
- cik: 0000896429
- company_name: CANTALOUPE, INC.
- filed_at: 2022-03-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896429/000162828022007062/0001628280-22-007062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896429/000162828022007062/usat-20220317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-007062
- JSON: https://secwatch.observer/filing/0001628280-22-007062.json
- Plain text: https://secwatch.observer/filing/0001628280-22-007062.txt

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