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AI brief of an SEC Form 8-K · Q2 Holdings (QTWO)

Q2 Holdings Signs $125.0 Million Five-Year Secured Revolving Credit Facility

Neutral Impact 3 of 5 financing Written later

Q2 Holdings entered a five-year secured revolving credit agreement on July 29, 2024, with Wells Fargo Bank, Wells Fargo Securities and Texas Capital Bank, providing a $125.0 million revolving line of credit. As of July 31, 2024, no amounts had been drawn, and the facility is secured by substantially all assets of Q2 and its subsidiary Q2 Software, Inc.

Key points

  • $125.0 million revolving credit line with a five-year term, dated July 29, 2024
  • No amounts drawn as of July 31, 2024
  • Borrowings priced at 1.75% to 2.50% per annum over Adjusted Term SOFR, with a commitment fee of 0.15% to 0.30%
  • Includes financial covenants that take effect if liquidity falls below specified levels

The filing

CompanyQ2 Holdings (QTWO)
Form8-K, current report
Filed with the SECJul 31, 2024, 4:59 PM ET
Accession number0001410384-24-000159

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.