secwatch.observer — SEC 8-K summary
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Issuer:     Ibotta, Inc. (IBTA)
CIK:        0001538379
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001628280-24-050670
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Ibotta enters $100M revolving credit facility, terminates SVB agreement
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- New $100M revolving credit facility matures December 5, 2029; optional $100M incremental commitments.
- No borrowings at closing; proceeds for general corporate purposes.
- Facility secured by all assets; variable interest at SOFR or base rate plus margin (1.75%-2.25%).
- Terminated existing SVB Third Amended and Restated Loan and Security Agreement dated November 2021.
- Commitment fee of 0.30%-0.40% on undrawn amounts payable quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024050670/0001628280-24-050670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538379/000162828024050670/ibta-20241205.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050670

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