nCino borrows $200M term loan, launches $100M accelerated share repurchase program

Filed March 31, 2026 · Period ending March 30, 2026 · ~1 min read

Key Changes

• high

  Company borrowed $200M through new term loan maturing October 2029, with quarterly principal payments of $2.5M and variable interest rates (base rate +1.00% or Term SOFR +2.00%, both subject to leverage-based increases).

  Item 1.01: Term Loan verify on EDGAR →
• high

  Entered $100M accelerated share repurchase agreement with Wells Fargo, receiving ~80% of shares upfront with full $100M payment immediate; final settlement expected Q2 FY2027 based on volume-weighted average price.

  Item 1.01: ASR Agreement verify on EDGAR →
• high

  Amended credit agreement now requires maintaining total leverage ratio below 4.00x and interest coverage ratio above 3.00x, measured quarterly; covenant violations could trigger default provisions.

  Item 1.01: Financial Covenants verify on EDGAR →