$25m committed across 1 active facility, next covenant test Sep 30, 2026. OWLT
Borrowers shall maintain, as of the last day of any quarter, EBITDA not less than the amounts set forth in the table below under the heading “Minimum EBITDA” tested as of the last day of each month for the trailing twelve (12) month period then ended as set forth in the table below under the heading “Quarter Ending”:Read the filing on sec.gov ↗
Borrowers shall maintain, at all times, Liquidity of not less than $7,500,000, tested as of the last day of each month.Read the filing on sec.gov ↗
Signed Jun 26, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $25m | Jun 2029 | 200–225 bps |
Priced over SOFR, floor 0 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Tier 1 | Greater than or equal to 50% of the Maximum Credit | 200 bps | n/a |
| Level Tier 2 | Less than 50% of the Maximum Credit | 225 bps | n/a |
Lenders: WELLS FARGO BANK, NATIONAL ASSOCIATION
No amendments on file yet.
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