debt
confidence high
sentiment neutral
materiality 0.60
Kodiak AI enters $30M venture loan agreement with Horizon Technology Finance
Kodiak AI, Inc.
- Borrowed $30M on Dec 31, 2025; proceeds used to repay existing debt and for working capital/general corporate purposes.
- Interest rate is prime plus 3.50% with a 6.50% floor; interest-only payments through July 2028.
- Term loans mature Jan 1, 2030; secured by substantially all assets including intellectual property.
- Prior 2022 venture loan with Horizon was terminated in connection with this new facility.
- Commitment fee of $300K paid at closing; final payment of $1.2M due at maturity.