Loan & DebtMay 6, 2026, 04:28 PM
CANTALOUPE Secures New $100M Credit Facility; $3M Software Charge
AI Summary
CANTALOUPE, INC. secured a new 2025 Credit Facility totaling $100 million, comprising a $40 million term loan, a $30 million revolving facility, and a $30 million delayed draw term loan. Proceeds from the term loan were used to repay $37.3 million from the prior 2022 credit facility. The company also recognized a $3.0 million charge during the quarter ended March 31, 2025, for capitalized internal use software projects no longer expected to provide future economic benefits. Additionally, accrued expenses significantly increased to $30.6 million from $19.7 million, primarily due to professional fees.
Key Highlights
- CANTALOUPE secured a new $100 million 2025 Credit Facility.
- Recognized a $3.0 million charge for internal use software projects.
- Repaid $37.3 million from the previous 2022 credit facility.
- Accrued expenses increased to $30.6 million from $19.7 million.
- Acquired SB Software for $11.4 million in September 2024.
- Total outstanding debt decreased to $37.2 million.
- Company remains compliant with all financial covenants.