Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
nCino, Inc. amended revolving credit of up to $100,000,000 with Bank of America, N.A. at Term SOFR rate plus a margin of 2.3125% maturing March 17, 2029.
- Instrument
- revolving credit
- Principal
- up to $100,000,000
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR rate plus a margin of 2.3125%
- Maturity
- March 17, 2029
- Event
- amendment
Exact text from the filing
certain subsidiaries of the Company as guarantors and the Lender, pursuant to which the Lender is providing to the Borrower a senior secured revolving credit facility of up to $100,000,000 (the “Credit Facility”). The Credit Facility includes borrowing capacity available for letters of credit subject to a sublimit of $7,500,000. Any issuance of letters of credit
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
nCino, Inc. amended Second Amendment with Bank of America, N.A. valued at $100,000,000 (effective 2024-03-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $100,000,000
- Effective
- 2024-03-17
Exact text from the filing
On March 17, 2024, nCino, Inc. (the “Company”) entered into a Second Amendment (the “Amendment”), by and among the Company, nCino OpCo, Inc. (the “Borrower”), certain subsidiaries of the Company as guarantors and Bank of America, N.A., as lender (the “Lender”), which amended that certain Credit Agreement (the “Credit Agreement”), dated as of February 11, 2022, by and among the Company, the Borrower, certain subsidiaries of the Company as guarantors and the Lender, pursuant to which the Lender is providing to the Borrower a senior secured revolving credit facility of up to $100,000,000 (the “Credit Facility”).
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