Form 8-K Couchbase, Inc. For: Feb 07
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Couchbase, Inc. (BASE) Enters $25M Loan and Security Agreement
February 9, 2024 4:04 PM ESTOn February 7, 2024, Couchbase, Inc. (NASDAQ: BASE) entered into a Loan and Security Agreement (the Loan Agreement), by and between the Company, as borrower, and MUFG Bank, Ltd., as lender (the Lender). The Loan Agreement provides for a three-year senior secured revolving loan facility in an aggregate principal amount of up to $25.0 million, including a letter of credit sublimit of up to $5.0 million. The revolving loan facility contains an uncommitted accordion feature pursuant to which the revolving loan facility may be upsized $25.0 million, for an aggregate facility not exceeding $50.0 million. The loans available under the revolving... More
