secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crexendo, Inc. (CXDO)
CIK:        0001075736
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001654954-26-004366
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/0001654954-26-004366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1075736/000165495426004366/cxdo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-004366

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