---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-019766"
form_type: "8-K"
ticker: null
cik: "0001725134"
company_name: "Digital Media Solutions, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:43:24.630562+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Digital Media Solutions draws $10M at 9.38% under revolving credit facility, fully drawn at $50M

## Summary
- Borrowed $10M on May 24, 2023 at 9.38% interest under its $50M senior secured revolving credit facility.
- Total outstanding under the facility is now $50.0M, fully drawn (previous draws: $5M Oct 2022, $35M Dec 2022).
- Proceeds intended for general corporate purposes; post-draw cash on hand was approximately $27.7M.
- Facility maintained under May 2021 credit agreement with lenders arranged by Truist Bank and Fifth Third Bank.

## SEC filing metadata
- accession: 0001628280-23-019766
- form_type: 8-K
- cik: 0001725134
- company_name: Digital Media Solutions, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725134/000162828023019766/0001628280-23-019766-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725134/000162828023019766/dms-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-019766
- JSON: https://secwatch.observer/filing/0001628280-23-019766.json
- Plain text: https://secwatch.observer/filing/0001628280-23-019766.txt

## Key facts
- Debt Financings
  Digital Media Solutions, Inc. incurred revolving credit of $10.0 million with Truist Bank at 9.38%.
  - Instrument: revolving credit
  - Principal: $10.0 million
  - Counterparty: Truist Bank
  - Rate: 9.38%
  - Event: incurrence
  source text: On May 24, 2023, Digital Media Solutions, LLC (“DMS” or the “Company”), a subsidiary of Digital Media Solutions, Inc. (the “Company”), drew $10.0 million, at a borrowing rate of 9.38%, under its $50 million senior secured revolving credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828023019766/0001628280-23-019766-index.htm

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