---
schema_version: "secwatch.filing_event.v1"
accession: "0001845022-24-000004"
form_type: "8-K"
ticker: null
cik: "0001845022"
company_name: "Couchbase, Inc."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:57:51.572142+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Couchbase enters $25M revolving credit facility with MUFG Bank

## Summary
- $25M senior secured revolver, 3-year term, from MUFG Bank, replacing prior SVB facility terminated June 2023.
- Uncommitted accordion feature allows upsizing to $50M total.
- Facility undrawn at close; proceeds for general business purposes.
- Floating rate: Term SOFR + 3.0%; unused fee 0.25% per annum.
- Secured by substantially all assets except IP; includes quarterly minimum adjusted EBITDA covenant.

## SEC filing metadata
- accession: 0001845022-24-000004
- form_type: 8-K
- cik: 0001845022
- company_name: Couchbase, Inc.
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/0001845022-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/base-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845022-24-000004
- JSON: https://secwatch.observer/filing/0001845022-24-000004.json
- Plain text: https://secwatch.observer/filing/0001845022-24-000004.txt

## Key facts
- Debt Financings
  Couchbase, Inc. incurred revolving credit of up to $25.0 million with MUFG Bank, Ltd. at Term SOFR ... plus 3.0% maturing third anniversary of the closing date.
  - Instrument: revolving credit
  - Principal: up to $25.0 million
  - Counterparty: MUFG Bank, Ltd.
  - Rate: Term SOFR ... plus 3.0%
  - Maturity: third anniversary of the closing date
  - Event: incurrence
  source text: and MUFG Bank, Ltd., as lender (the “Lender”). The Loan Agreement provides for a three-year senior secured revolving loan facility in an aggregate principal amount of up to $25.0 million, including a letter of credit sublimit of up to $5.0 million. The revolving loan facility contains an uncommitted accordion feature pursuant to which the revolving loan facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/0001845022-24-000004-index.htm
- Material Agreements
  Couchbase, Inc. entered into Loan and Security Agreement with MUFG Bank, Ltd. valued at $25.0 million (effective 2024-02-07).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: MUFG Bank, Ltd.
  - Value: $25.0 million
  - Effective: 2024-02-07
  source text: On February 7, 2024, Couchbase, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Loan Agreement”), by and between the Company, as borrower, and MUFG Bank, Ltd., as lender (the “Lender”). The Loan Agreement provides for a three-year senior secured revolving loan facility in an aggregate principal amount of up to $25.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/0001845022-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.