CANTALOUPE, INC. (CTLP): debt financing — Cantaloupe enters $100M credit facility with JPMorgan and Capital One, repays $37.3M existing debt

CANTALOUPE, INC.

New $100M secured credit facility: $30M revolver, $40M term loan, $30M delayed draw.
Proceeds used to repay $37.3M existing debt; remainder for working capital and acquisitions.
Matures Jan 31, 2030; interest at SOFR + 2.75%-3.50% or base rate + 1.75%-2.50%.
Financial covenants: total leverage <=3.50x (4.00x post-acquisition), fixed charge >=1.15x.
Transaction fees of $0.6M plus legal expenses incurred.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CANTALOUPE, INC. incurred term loan of $30 million with JPMorgan Chase Bank, N.A. (as administrative agent) at SOFR plus an applicable margin tied to the Company’s total net leverage ratio an maturing January 31, 2030.

Instrument: term loan
Principal: $30 million
Counterparty: JPMorgan Chase Bank, N.A. (as administrative agent)
Rate: SOFR plus an applicable margin tied to the Company’s total net leverage ratio an
Maturity: January 31, 2030
Event: incurrence

Exact text from the filing

$30 million secured delayed draw term loan facility (the "Delayed Draw Term Loan Facility")

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CANTALOUPE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-25-004018

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