secwatch.observer — SEC 8-K summary
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Issuer:     BLOOMIA HOLDINGS, INC. (TULP)
CIK:        0000875355
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001654954-24-013228
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lendway amends credit agreement; revolver temporarily increased to $8M through March 2025
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- Revolver capacity temporarily raised from $6M to $8M until March 31, 2025, for peak season inventory purchases.
- Eligible inventory definition expanded to include Netherlands inventory during the same temporary period.
- Senior cash flow leverage ratio covenant revised: 3.75x through Q1 2025, stepping down to 2.00x by Q4 2027.
- Lendway granted security interest in $1M cash collateral deposited with Associated Bank under a new Account Pledge Agreement.
- Quarterly term loan payment due Sept 30, 2024, deferred to Oct 17, 2024; installment schedule unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875355/000165495424013228/0001654954-24-013228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875355/000165495424013228/ldwy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013228

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