6-K - Docebo Inc. | StockGist

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Docebo Inc. provided an update on its substantial issuer bid to repurchase up to US$60,000,000 of common shares at US$20.40 per share, with Intercap (56.6% shareholder) now intending to participate to manage capital while maintaining ownership. The company amended its credit facility to US$100,000,000 to fund half the offer.

Key Takeaways

1Substantial issuer bid for up to US$60,000,000 of common shares at US$20.40 per share, expiring March 10, 2026

2Intercap (56.6% owner) changed intention to participate in offer due to capital management

3Credit facility increased to US$100,000,000 via amended agreement with National Bank of Canada

4Offer funding: US$30,000,000 cash on hand + US$30,000,000 credit drawdown

5Board supports offer as trading price undervalues business prospects

6Amended facility has 3-year term, variable interest, and US$50,000,000 accordion feature

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Transaction Details

Material Agreement

Agreement: Amended and Restated Credit Agreement
Parties: Docebo Inc., National Bank of Canada (administrative agent), other lenders

•Secured revolving credit facility increased to US$100,000,000
•3-year term
•Variable interest rates based on financial ratios
•Secured against all assets and certain subsidiary equity pledges
•Accordion feature up to additional US$50,000,000
•Available for general corporate purposes, acquisitions, investments including the Offer

Debt / Financing

Instrument: Secured Revolving Credit Facility
Principal: 100000000
Rate: Variable rates depending on certain financial ratios and metrics
Maturity: 3 years from amendment
Use of Proceeds: General corporate purposes, acquisitions, investments (including Offer)

Exhibits (2)

6-K

99.1

EX-99.1