share_log

Innodata | 8-K: Current report

Innodata | 8-K: Current report

Innodata | 8-K:重大事件
美股SEC公告 ·  2024/08/09 04:41

牛牛AI助理已提取核心訊息

Innodata has entered into a second amendment to its Credit Agreement with Wells Fargo Bank on August 5, 2024, significantly expanding its secured revolving line of credit. The amended facility increases the maximum credit limit to $30 million, with potential further expansion up to $50 million subject to lender approval. The agreement involves Innodata and its subsidiaries Synodex, Docgenix, Agility PR Solutions, and Innodata Services as borrowers.The borrowing base calculation under the new agreement is structured on multiple factors, including 85% of eligible accounts, 80% of eligible unbilled accounts (capped at 30% of total eligible accounts), and 85% of eligible foreign accounts (subject to specific limits). As of June 30, 2024, the calculated borrowing base was approximately $12.4 million.The expanded credit facility is strategically positioned to support Innodata's anticipated growth with new and existing customers, with the company expecting increases in accounts receivables to enhance the borrowing base calculation under the facility.
Innodata has entered into a second amendment to its Credit Agreement with Wells Fargo Bank on August 5, 2024, significantly expanding its secured revolving line of credit. The amended facility increases the maximum credit limit to $30 million, with potential further expansion up to $50 million subject to lender approval. The agreement involves Innodata and its subsidiaries Synodex, Docgenix, Agility PR Solutions, and Innodata Services as borrowers.The borrowing base calculation under the new agreement is structured on multiple factors, including 85% of eligible accounts, 80% of eligible unbilled accounts (capped at 30% of total eligible accounts), and 85% of eligible foreign accounts (subject to specific limits). As of June 30, 2024, the calculated borrowing base was approximately $12.4 million.The expanded credit facility is strategically positioned to support Innodata's anticipated growth with new and existing customers, with the company expecting increases in accounts receivables to enhance the borrowing base calculation under the facility.

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。