Kodiak AI Refinances Debt Facility

MT Newswires Live

01/01

Kodiak AI (KDK) said late Wednesday it refinanced a senior secured term loan facility with Horizon Technology Finance (HRZN), increasing commitments to $30 million, reducing rates by 200 basis points, and extending maturity to 2030 from 2026.

The amendments will result in enhanced liquidity and an extended cash runway to advance the company's strategic priorities, according to a statement.

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