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MarketScreener Homepage  >  Equities  >  Nyse MKT  >  GigCapital, Inc.    KLR

GIGCAPITAL, INC.

(KLR)
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KALEYRA, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

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03/26/2020 | 03:34pm EDT

Item 1.01. Entry into a Material Definitive Agreement.

On March 20, 2020, Kaleyra S.p.A., a wholly-owned subsidiary of Kaleyra, Inc. (the "Company"), entered into a general unsecured loan agreement (the "Loan Agreement") with Banco BPM S.p.A. (the "Lender") for a total of €6,000,000 ($6,458,100 at the March 20, 2020 exchange rate). This Loan Agreement is a refinancing of that certain Loan Agreement, dated as of July 23, 2019, by and between Kaleyra S.p.A. and the Lender, which was previously filed by the Company with the Securities and Exchange Commission on its Current Report on Form 8-K on December 2, 2019.

The Loan Agreement has a maturity of 45 months from the date of disbursement and bears interest at a variable rate equal to the three-month Euribor plus a spread of 3.00%. The loan is to be repaid in 15 quarterly installments. The total amount of the loan, less amounts related to commissions, fees and expenses, was drawn in full the same date as of the Loan Agreement.

The Loan Agreement includes customary representations and warranties of Kalyera S.p.A. The Loan Agreement also includes customary events of default in certain cases subject to customary notice, following which the Loan Agreement may be terminated by the Lender and amounts outstanding thereunder may be accelerated.

The foregoing description of the Loan Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Loan Agreement, which is included as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation

under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth above under Item 1.01 is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.


(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

The exhibits required by this item are set forth on the Exhibit Index attached
hereto.



Exhibit
Number

10.1*          General Unsecured Loan Agreement, dated as of March 20, 2020, by and
             between Kaleyra S.p.A. and Banco BPM S.p.A.



* Schedules and similar attachments to this Exhibit have been omitted pursuant to

Item 601(a)(5) of Regulation S-K. Kaleyra, Inc. agrees to furnish

supplementally a copy of such omitted materials to the Securities and Exchange

Commission upon request.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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