CXDO Crexendo, Inc.
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Executive Summary
Crexendo entered into a $10 million credit facility with Wells Fargo, comprising a $5M revolving line of credit and a $5M term loan, to finance the recent acquisition of Estech Systems. The debt matures in 2029 and carries interest at SOFR plus 2.25%-2.75%. This increases leverage but provides liquidity for the acquisition.
Key Financial Metrics
Actionable Insight
The credit facility funds the Estech acquisition, which should contribute revenue growth. Monitor upcoming quarterly report for Estech's revenue contribution and any covenant headroom. No immediate stock-moving catalyst; continue watching for integration updates.
Key Facts
- Credit agreement with Wells Fargo for up to $5M revolving line of credit and $5M term loan
- Proceeds used to finance the recent acquisition of Estech Systems, LLC
- Interest rate: SOFR + 2.25% to 2.75%, maturity May 1, 2029
- Obligations secured by substantially all assets of Crexendo and guarantors
- Financial covenants include total net leverage ratio, fixed charge coverage ratio, and capital expenditure limits
Financial Impact
New debt of $10 million, with annual interest expense approximately $225,000-$275,000 at current SOFR rates
Risk Factors
- Increased leverage and debt service costs
- Potential covenant violations if performance deteriorates
- Acquisition integration risk
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-004366 |
| Document: cxdo_8k.htm | 0001654954-26-004366 |
| Document: 0001654954-26-004366-index-headers.html | 0001654954-26-004366 |
| Document: 0001654954-26-004366-index.html | 0001654954-26-004366 |
| Document: 0001654954-26-004366.txt | 0001654954-26-004366 |
Filters
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Jun 4, 2026
11d ago
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144
| $8.93 $7.57 | ▲ +15.18% | ▲ +12.58% | $7.24 (+18.88%) |
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May 5, 2026
5w ago
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8-K
| $9.74 $9.74 | · 0.00% | ▲ +0.33% | $7.24 (−25.67%) |
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May 5, 2026
5w ago
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8-K
| $9.74 $9.74 | · 0.00% | ▲ +0.33% | $7.24 (−25.67%) |
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Mar 9, 2026
14w ago
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Insider Cluster
| $6.94 $6.83 | ▲ +1.58% | ▲ +1.40% | $7.24 (−4.32%) |
US Market Status
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