Mitek Systems Secures $50 Million Term Loan to Boost Liquidity Ahead of Debt Maturity

Reuters01-23 06:28

<a href="https://laohu8.com/S/MITK">Mitek Systems</a> Secures $50 Million Term Loan to Boost <a href="https://laohu8.com/S/LQDT">Liquidity</a> Ahead of Debt Maturity

Mitek Systems Inc. has borrowed $50 million under its delayed draw term loan facility, as part of an existing Credit Agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. The agreement, originally dated February 13, 2024, and amended on May 7, 2025, also includes A2iA Corp. and ID R&D, Inc. as parties. The company intends to use the funds to enhance liquidity and maintain financial flexibility ahead of the maturity of its 0.750% Convertible Senior Notes due February 1, 2026. The term loan carries a variable interest rate based on either term SOFR or the WSJ prime rate, with adjustments tied to Mitek's net leverage ratio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mitek Systems Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-003124), on January 22, 2026, and is solely responsible for the information contained therein.

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