INNODATA INC 8-K

What Happened
Innodata Inc. (INOD) announced on March 19, 2026 that it entered into a fourth amendment to its Credit Agreement with Wells Fargo Bank, National Association. The amendment increases the secured revolving credit facility so the Company can borrow up to the lesser of the borrowing base and $50.0 million, and extends the loan maturity date to April 4, 2029. The borrowing base is calculated under specific formulas tied to eligible accounts receivable.

Key Details

• Effective date: March 19, 2026; new maturity date: April 4, 2029.
• Lender: Wells Fargo Bank, N.A.; borrowers include Innodata and subsidiaries Innodata Synodex, LLC; Innodata Docgenix, LLC; Agility PR Solutions LLC; and Innodata Services, LLC.
• Maximum Credit: up to $50.0 million, subject to the borrowing base (the facility pays the lesser of the two).
• Borrowing base mechanics include formulas such as 85% of eligible domestic accounts and certain government prime accounts, up to specified caps for unbilled and foreign accounts; as of December 31, 2025 the borrowing base calculation would be approximately $30.0 million.

Why It Matters
This amendment gives Innodata greater access to working capital and flexibility to support anticipated growth from new and existing customers. The actual amount available to borrow will depend on the company’s accounts receivable mix and the borrowing base calculation (historically about $30.0M at year-end 2025), so increases in eligible receivables could increase available liquidity. For investors, the change reduces near-term refinancing pressure by extending the maturity and provides more capacity to fund operations and growth initiatives.