Short answer
Crexendo, Inc. (CXDO) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $5M term loan plus $5M revolving credit facility with Wells Fargo, maturing May 1, 2029.
Crexendo, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $5M term loan plus $5M revolving credit facility with Wells Fargo, maturing May 1, 2029
- Term-loan proceeds funding and reimbursing Estech Systems acquisition, related fees and transaction costs
- Interest rates of 2.25%-2.75% plus term SOFR or daily simple SOFR, based on total net leverage ratio
- Substantially all company and guarantor assets securing obligations; subsidiaries provide joint and several guarantees
- Leverage, fixed-charge coverage and capital-expenditure covenants create acceleration and facility-termination risk upon default
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other Crexendo, Inc. 8-K filings
Get the next CXDO 8-K as it lands
Follow CXDO for push alerts, or ask the research agent what this filing means.