secwatch.observer — SEC 8-K summary
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Issuer:     Arlo Technologies, Inc. (ARLO)
CIK:        0001736946
Form:       8-K
Filed at:   2021-10-29T23:59:59+00:00
Accession:  0001736946-21-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Arlo Technologies enters $40M revolving credit facility with Bank of America; old facility terminated
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- Three-year revolving credit facility maturing Oct 27, 2024; borrowing base tied to eligible receivables.
- Includes $5.0M sublimit for letters of credit and uncommitted accordion feature for up to $25M additional.
- Credit agreement secured by domestic working capital assets; no amounts drawn as of Oct 29, 2021.
- Prior $40M facility with Western Alliance Bank repaid and terminated upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1736946/000173694621000051/0001736946-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1736946/000173694621000051/arlo-20211027.htm
  HTML page:      https://secwatch.observer/filing/0001736946-21-000051

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