---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-004366"
form_type: "8-K"
ticker: "CXDO"
cik: "0001075736"
company_name: "Crexendo, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:12:26.894873+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Crexendo enters $10M credit facility with Wells Fargo; $5M term loan funds Estech acquisition

## Summary
- $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.

## SEC filing metadata
- accession: 0001654954-26-004366
- form_type: 8-K
- ticker: CXDO
- cik: 0001075736
- company_name: Crexendo, Inc.
- filed_at: 2026-05-05T23:59:59+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/1075736/000165495426004366/0001654954-26-004366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/cxdo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-004366
- JSON: https://secwatch.observer/filing/0001654954-26-004366.json
- Plain text: https://secwatch.observer/filing/0001654954-26-004366.txt

## Source-grounded claims
- claim_id: 6510b0c30e3c9dea47d90395924b4c6f3ff829cb
  claim: 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.
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/0001654954-26-004366-index.htm
- claim_id: f3c3405a3ecb7e0540bf75d1d33e0a994d5ee55b
  claim: 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.
  evidence_excerpt: and a term loan in the principal amount of $5,000,000 (the “Term Loan”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/0001654954-26-004366-index.htm
- claim_id: bae3395dd2a9c2054cc95060d83a709355766d3c
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/0001654954-26-004366-index.htm

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