Crexendo, Inc. (CXDO): debt financing — Crexendo enters $10M credit facility with Wells Fargo; $5M term loan funds Estech acquisition

Crexendo, Inc.

$5M revolving line of credit and $5M term loan from Wells Fargo, both maturing May 1, 2029.
Term loan proceeds used to finance/reimburse the recent Estech Systems, LLC acquisition.
Interest rates 2.25%-2.75% plus SOFR, based on total net leverage ratio; unused line commitment fee applies.
Credit secured by substantially all assets; covenants include max leverage ratio, min fixed charge coverage, capex limits.

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

Crexendo, Inc. incurred credit facility of an aggregate principal amount up to $5,000,000 with Wells Fargo Bank, National Association at an applicable rate ranging from 2.25% to 2.75% based on the Company’s total net maturing May 1, 2029.

Instrument: credit facility
Principal: an aggregate principal amount up to $5,000,000
Counterparty: Wells Fargo Bank, National Association
Rate: an applicable rate ranging from 2.25% to 2.75% based on the Company’s total net
Maturity: May 1, 2029
Event: incurrence

Exact text from the filing

On May 1, 2026, Crexendo, Inc. (the “Company”) entered into a Credit Agreement with Wells Fargo Bank, National Association (the “Credit Agreement”), providing for a revolving line of credit in an aggregate principal amount up to $5,000,000 (the “Line of Credit”) and a term loan in the principal amount of $5,000,000 (the “Term Loan”).

View on SEC.gov

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

Crexendo, Inc. incurred term loan of the principal amount of $5,000,000 with Wells Fargo Bank, National Association at an applicable rate ranging from 2.25% to 2.75% based on the Company’s total net maturing May 1, 2029.

Instrument: term loan
Principal: the principal amount of $5,000,000
Counterparty: Wells Fargo Bank, National Association
Rate: an applicable rate ranging from 2.25% to 2.75% based on the Company’s total net
Maturity: May 1, 2029
Event: incurrence

Exact text from the filing

(the “Company”) entered into a Credit Agreement with Wells Fargo Bank, National Association (the “Credit Agreement”), providing for a revolving line of credit in an aggregate principal amount up to $5,000,000 (the “Line of Credit”) and a term loan in the principal amount of $5,000,000 (the “Term Loan”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Crexendo, Inc. entered into Credit Agreement with Wells Fargo Bank, National Association valued at up to $5,000,000 revolving line and $5,000,000 term loan (effective 2026-05-01).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: up to $5,000,000 revolving line and $5,000,000 term loan
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, Crexendo, Inc. (the “Company”) entered into a Credit Agreement with Wells Fargo Bank, National Association (the “Credit Agreement”), providing for a revolving line of credit in an aggregate principal amount up to $5,000,000 (the “Line of Credit”) and a term loan in the principal amount of $5,000,000 (the “Term Loan”).

View on SEC.gov

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Crexendo, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-26-004366

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