secwatch.observer — SEC 8-K summary
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Issuer:     CANTALOUPE, INC. (CTLP)
CIK:        0000896429
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001628280-22-007062
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896429/000162828022007062/0001628280-22-007062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896429/000162828022007062/usat-20220317.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-007062

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