secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001753539-24-000051
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackSky enters $20M revolving credit facility with Stifel Bank; borrows $10M at close
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- $20M revolving credit facility including $500K letter-of-credit subfacility from Stifel Bank.
- $10M immediately available and drawn at closing; remaining $10M available after June 28, 2024.
- Loans mature June 30, 2026; interest at greater of prime rate or 6.00% per annum.
- Facility secured by substantially all assets; includes minimum revenue and cash-equivalent covenants.
- Proceeds used for growth initiatives, working capital, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/0001753539-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000175353924000051/bksy-20240411.htm
  HTML page:      https://secwatch.observer/filing/0001753539-24-000051

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