Domo Announces Term Loan Extended to 2026
February 26 2024 - 4:05PM
Business Wire
Domo (Nasdaq: DOMO) announced that it has extended its existing
debt maturity from April 1, 2025, to April 1, 2026.
David Jolley, Domo’s CFO, commented, “We are pleased to have
extended the maturity date of our current debt facility with
Blackrock under, what we believe are, very reasonable market terms.
This was an important first step in aligning our capital structure
with the prospects we see for Domo in the market. Over the coming
months, we look forward to replacing this debt with a longer-term
facility that will allow us to improve our capital structure as
well as our overall financial position.”
About Domo
Domo puts data to work for everyone so they can multiply their
impact on the business. Our cloud-native data experience platform
goes beyond traditional business intelligence and analytics, making
data visible and actionable with user-friendly dashboards and apps.
Underpinned by AI, data science and a secure data foundation that
connects with existing cloud and legacy systems, Domo helps
companies optimize critical business processes at scale and in
record time to spark the bold curiosity that powers exponential
business results.
For more information, visit www.domo.com. You can also follow
Domo on LinkedIn, X and Facebook.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements regarding our future growth,
operating cash flows and demand for our products. Forward-looking
statements are subject to risks and uncertainties and are based on
potentially inaccurate assumptions that could cause actual results
to differ materially from those expected or implied by the
forward-looking statements. Actual results may differ materially
from the results predicted, and reported results should not be
considered as an indication of future performance. The potential
risks and uncertainties that could cause actual results to differ
from the results predicted include, among others, those risks and
uncertainties included under the caption “Risk Factors” and
elsewhere in our filings with the SEC, including, without
limitation, the Annual Report on Form 10-K filed with the SEC on
March 27, 2023 and the Quarterly Report on Form 10-Q for the fiscal
quarter ended October 31, 2023 filed with the SEC on December 8,
2023. All information provided in this release and in the
attachments is as of the date hereof, and we undertake no duty to
update this information unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240226304158/en/
Media – Cynthia Cowen PR@domo.com
Investors – Peter Lowry IR@domo.com
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