secwatch.observer — SEC 8-K summary
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Issuer:     i3 Verticals, Inc. (IIIV)
CIK:        0001728688
Form:       8-K
Filed at:   2026-10-09T20:46:09+00:00
Accession:  0001728688-26-000048
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

i3 Verticals signs $350M amended revolver with JPMorgan, replacing May 2023 credit agreement
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- $350M senior secured revolving credit facility dated October 9, 2026, with JPMorgan Chase Bank, N.A. as administrative agent, swingline lender and L/C issuer.
- Pricing tied to total net leverage: commitment fee 0.125%-0.275%, L/C fee 1.50%-2.50%, Term SOFR loans 1.50%-2.50%, base rate loans 0.50%-1.50%.
- Financial covenants: consolidated interest coverage of at least 3.00 to 1.00 and consolidated total net leverage of no more than 4.00 to 1.00, tested each fiscal quarter.
- Obligations unconditionally guaranteed by i3 Verticals, Inc. and material wholly owned domestic subsidiaries, secured by first-priority liens on substantially all assets.
- Incremental capacity of up to the greater of $100M and 100% of consolidated EBITDA; JPMorgan, U.S. Bank and Wells Fargo Securities are joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728688/000172868826000048/0001728688-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728688/000172868826000048/iiiv-20261009.htm
  HTML page:      https://secwatch.observer/filing/0001728688-26-000048

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