Kodiak AI signed a new Venture Loan and Security Agreement with Horizon Technology Finance for a senior secured term loan facility of up to $30.0 million and simultaneously terminated its prior 2022 facility with the same lender. The company drew the full $30.0 million at closing to refinance existing indebtedness and support working capital and general corporate purposes. The loan carries interest at prime plus 3.50% (with a 6.50% prime floor), offers interest-only payments through July 1, 2028, and matures January 1, 2030. Management expects the refinancing to enhance liquidity and streamline its capital structure.
New agreement details:
- Agreement type: Senior secured term loan facility (Venture Loan and Security Agreement)
- Counterparty: Horizon Technology Finance
- Signed / Effective: Dec 31 2025 / Dec 31 2025
- Duration / Termination: Through Jan 01 2030
- Reason: Refinance debt and fund working capital
Terminated agreement details:
- Agreement terminated: Venture Loan and Security Agreement
- Counterparty: Horizon Technology Finance
- Original agreement date: Sep 28 2022
- Termination date: Dec 31 2025
- Termination type: Early
- Reason: Replaced by new term loan facility
Original SEC Filing: Kodiak AI, Inc. [ KDK ] – 8-K – Dec. 31, 2025
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