---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-004018"
form_type: "8-K"
ticker: "CTLP"
cik: "0000896429"
company_name: "CANTALOUPE, INC."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T03:11:49.242517+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cantaloupe enters $100M credit facility with JPMorgan and Capital One, repays $37.3M existing debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-004018
- form_type: 8-K
- ticker: CTLP
- cik: 0000896429
- company_name: CANTALOUPE, INC.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896429/000162828025004018/0001628280-25-004018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896429/000162828025004018/usat-20250131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-004018
- JSON: https://secwatch.observer/filing/0001628280-25-004018.json
- Plain text: https://secwatch.observer/filing/0001628280-25-004018.txt

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