secwatch.observer — SEC 8-K summary
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Issuer:     Couchbase, Inc. (—)
CIK:        0001845022
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001845022-24-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Couchbase enters $25M revolving credit facility with MUFG Bank
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/0001845022-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845022/000184502224000004/base-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001845022-24-000004

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