Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
ACCESS Newswire Inc. incurred revolving credit of up to $5 million with Pinnacle Bank at SOFR plus 2.05% maturing September 1, 2024.
- Instrument
- revolving credit
- Principal
- up to $5 million
- Counterparty
- Pinnacle Bank
- Rate
- SOFR plus 2.05%
- Maturity
- September 1, 2024
- Event
- incurrence
Exact text from the filing
following: (i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”) and (ii) revolving letter of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement). Pursuant to the terms of the Credit
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 1.0
ACCESS Newswire Inc. incurred term loan of $20 million with Pinnacle Bank at SOFR plus 2.35%, subject to a minimum SOFR of 2.00% maturing December 20, 2028.
- Instrument
- term loan
- Principal
- $20 million
- Counterparty
- Pinnacle Bank
- Rate
- SOFR plus 2.35%, subject to a minimum SOFR of 2.00%
- Maturity
- December 20, 2028
- Event
- incurrence
Exact text from the filing
On March 20, 2023 (the “Closing Date”), Issuer Direct Corporation, a Delaware corporation (the “Company”), and each of its subsidiaries (the “Guarantors”), entered into a $25 million credit agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”). The Credit Agreement provides for the following: (i) term loan facility in an aggregate principal amount of $20 million (the “Term Loan”) and (ii) revolving letter of credit in an up to aggregate principal amount of $5 million (the “Revolving LOC”), subject to an 85% limit based on the current eligible accounts receivable (as defined in the Credit Agreement).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ACCESS Newswire Inc. entered into Credit Agreement with Pinnacle Bank valued at $25 million (effective 2023-03-20).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Pinnacle Bank
- Value
- $25 million
- Effective
- 2023-03-20
Exact text from the filing
On March 20, 2023 (the “Closing Date”), Issuer Direct Corporation, a Delaware corporation (the “Company”), and each of its subsidiaries (the “Guarantors”), entered into a $25 million credit agreement (the “Credit Agreement”) with Pinnacle Bank (“Pinnacle”).
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