---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016841"
form_type: "8-K"
ticker: null
cik: "0001725134"
company_name: "Digital Media Solutions, Inc."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:16:40.715674+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Digital Media Solutions secures $22M debt amendment, waives defaults but must launch asset sale process

## Summary
- New Tranche A term loans of $22M increase total credit facility to $297M; maturity Feb 25, 2026.
- PIK interest option for quarterly payments through March 31, 2025; net leverage covenant waived through June 30, 2025.
- Company must maintain minimum $5M unrestricted cash and comply with variance test on cash receipts.
- 8.0% commitment fee payable as PIK interest; amendment also waives specified prior defaults.
- Company must promptly start a strategic review and marketing process for sale of all or substantially all assets.

## SEC filing metadata
- accession: 0001628280-24-016841
- form_type: 8-K
- cik: 0001725134
- company_name: Digital Media Solutions, Inc.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/0001628280-24-016841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/dms-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016841
- JSON: https://secwatch.observer/filing/0001628280-24-016841.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016841.txt

## Key facts
- Debt Financings
  Digital Media Solutions, Inc. amended credit facility of $22 million with Truist Bank (as administrative agent and collateral agent) maturing February 25, 2026.
  - Instrument: credit facility
  - Principal: $22 million
  - Counterparty: Truist Bank (as administrative agent and collateral agent)
  - Maturity: February 25, 2026
  - Event: amendment
  source text: The Second Amendment introduced new Tranche A term loan commitments in the amount of $22 million with a maturity date of February 25, 2026, increasing our total borrowing capacity under the Credit Facility from $275 million to $297 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725134/000162828024016841/0001628280-24-016841-index.htm

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