Domo Announces Term Loan Extended to 2028
19 Agosto 2024 - 3:05PM
Business Wire
Domo (Nasdaq: DOMO) announced that it has amended its existing
debt facility. Under the terms of the amended agreement, the debt
will mature in August 2028, and the overall interest rate and the
annual cash interest cost have been reduced.
David Jolley, Domo’s Chief Financial Officer, commented, “Our
priority is getting Domo back to growth through the prioritization
of initiatives such as converting our customer base to a
consumption-based pricing model and expanding our go-to-market
capabilities through partnerships with other leaders in the
ecosystem. We are very pleased with the continued support from
funds and accounts managed by BlackRock and to modify the terms of
our debt facility under what we believe are mutually beneficial
terms. This amendment will allow Domo to invest in the
opportunities that we believe will deliver the greatest impact for
our business.”
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 press release contains forward-looking statements or
information within the meaning of applicable securities
legislation, including Section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements of our Chief Financial Officer and
regarding our future opportunities, growth and go-to-market
capabilities. 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
for the fiscal year ended January 31, 2024 filed with the SEC on
March 28, 2024 and the Quarterly Report on Form 10-Q for the fiscal
quarter ended April 30, 2024 filed with the SEC on June 7, 2024.
All information provided in this press release is as of the date
hereof, and we undertake no duty to update, republish, or revise
this information unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240819980542/en/
Media – Cynthia Cowen PR@domo.com
Investors – Peter Lowry IR@domo.com
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