secwatch.observer — SEC 8-K summary
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Issuer:     CANTALOUPE, INC. (CTLP)
CIK:        0000896429
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0001628280-25-004018
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896429/000162828025004018/0001628280-25-004018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896429/000162828025004018/usat-20250131.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-004018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer