UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. Entry Into a Material Definitive Agreement.
On November 6, 2020, Accolade, Inc. (the “Company”) entered into a Third Amendment to Credit Agreement (the “Third Amendment”) to its existing Credit Agreement, dated as of July 19, 2019, as amended on August 21, 2020 and September 11, 2020 (the “Credit Agreement”), with (a) Comerica Bank in its capacity as administrative agent and lender, and (b) Western Alliance Bank as a lender. Pursuant to the Third Amendment, the parties agreed to increase the revolving line of credit from $50,000,000 to $80,000,000.
The foregoing description of the material terms of the Third Amendment does not purport to be complete and is subject to, and qualified in its entirety by, reference to the Third Amendment that is filed as an exhibit to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Exhibit Description | |
| 10.1 | Third Amendment to Credit Agreement dated November 6, 2020 by and among the Company, Comerica Bank and Western Alliance Bank. | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Accolade, Inc. | ||
| Dated: November 9, 2020 | ||
| By: | /s/ Stephen Barnes | |
| Stephen Barnes | ||
| Chief Financial Officer | ||