---
schema_version: "secwatch.filing_event.v1"
accession: "0001902733-24-000046"
form_type: "8-K"
ticker: "NCNO"
cik: "0001902733"
company_name: "nCino, Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:59:05.675169+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# nCino acquires DocFox for $75M cash; amends credit facility

## Summary
- Acquired DocFox for $75M cash to extend commercial onboarding capabilities; deal expected to close March 2024.
- Amended credit facility with Bank of America: $100M revolver, matures March 2029, SOFR + 2.3125% margin.
- DocFox is a SaaS provider automating commercial onboarding; has 450+ customers across three continents.
- Financing for acquisition sourced from amended credit facility; existing cash also used.

## SEC filing metadata
- accession: 0001902733-24-000046
- form_type: 8-K
- ticker: NCNO
- cik: 0001902733
- company_name: nCino, Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/0001902733-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/ncno-20240317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001902733-24-000046
- JSON: https://secwatch.observer/filing/0001902733-24-000046.json
- Plain text: https://secwatch.observer/filing/0001902733-24-000046.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/0001902733-24-000046-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1902733/000190273324000046/0001902733-24-000046-index.htm

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