Cardlytics, Inc. (CDLX): debt financing — Cardlytics borrows $30M under $60M line of credit from Pacific Western Bank

Cardlytics, Inc.

Borrowed $30.0 million on March 13, 2023, under the existing $60 million revolving line of credit with Pacific Western Bank.
Line of credit was originally entered on May 21, 2018, and has been amended; full terms referenced in 2022 Form 10-K.
No specific use of proceeds disclosed; the draw leaves $30 million still available under the facility.

item 2.03

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

Cardlytics, Inc. incurred revolving credit of $30.0 million with Pacific Western Bank.

Instrument: revolving credit
Principal: $30.0 million
Counterparty: Pacific Western Bank
Event: incurrence

Exact text from the filing

On March 13, 2023, Cardlytics borrowed $30.0 million of the $60.0 million available under the 2018 Line of Credit.

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Cardlytics, Inc. filing history →

Source: SEC EDGAR

accession 0001666071-23-000039

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