secwatch.observer — SEC 8-K summary
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Issuer:     Digital Media Solutions, Inc. (—)
CIK:        0001725134
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001628280-23-019766
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023019766/0001628280-23-019766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1725134/000162828023019766/dms-20230524.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-019766

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