Innodata (NASDAQ: INOD) extends $50M revolving credit line to 2029

Rhea-AI Filing Summary

Innodata Inc. has amended its credit agreement with Wells Fargo to increase its secured revolving credit facility to a maximum of $50.0 million and extend the maturity date to April 4, 2029.

The borrowing base is tied to specified percentages of eligible accounts, government prime accounts, unbilled accounts, and certain foreign accounts, less reserves. Based on this formula, the borrowing base would have been approximately $30.0 million as of December 31, 2025. The company states it is expanding this facility to support anticipated growth with new and existing customers.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): March 19, 2026

INNODATA INC.

(Exact name of registrant as specified in its charter)

Delaware	001-35774	13-3475943
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer Identification No.)
incorporation)
55 Challenger Road		07660
Ridgefield Park, NJ		(Zip Code)
(Address of principal executive offices)

Registrant’s telephone number, including area code: (201) 371-8000

Not Applicable

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	INOD	The Nasdaq Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 Item 1.01 Entry into a Material Definitive Agreement  

 The information set forth under Item 2.03 below is hereby incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On March 19, 2026 (the “Effective Date”), Innodata Inc. (the “Company”) entered into a fourth amendment (the “Amended Credit Agreement”) to that certain Credit Agreement, dated April 4, 2023, with Wells Fargo Bank, National Association, as lender (the “Lender”), Innodata Synodex, LLC (“Synodex”), Innodata Docgenix, LLC (“Docgenix”), Agility PR Solutions LLC (“Solutions”) and Innodata Services, LLC (“Services” and together with the Company, Synodex, Docgenix, and Solutions, individually, a “Borrower” and collectively, the “Borrowers”). Synodex, DocGenix, Solutions and Services are all subsidiaries of the Company.

The Amended Credit Agreement provides for an increased secured revolving line of credit (the “Revolving Credit Facility”) up to an amount equal to the lesser of the borrowing base and $50.0 million (the “Maximum Credit”), and a new maturity date of April 4, 2029 (the “Maturity Date”).

As of the Effective Date the Revolving Credit Facility’s borrowing base is calculated in accordance with the terms of the Amended Credit Agreement and on the basis of (i) 85% of eligible accounts (other than eligible foreign accounts and unbilled accounts), plus (ii) 85% of eligible government prime accounts (other than eligible foreign accounts and unbilled accounts), plus (iii)  the lesser of (a) 80% of eligible accounts that are unbilled accounts and (b) 30% of all eligible accounts, plus (iv) the lesser of (a) 85% of eligible foreign accounts from accounts in a tier 1 country, (b) 20% of all eligible accounts, and (c) $5.0 million, minus (iv) reserves. As of December 31, 2025, such borrowing base calculation would equal approximately $30.0 million. The Company is entering into the Amended Credit Agreement to have increased access to capital to support anticipated growth with new and existing customers. Increases in accounts receivables from these anticipated opportunities would increase the borrowing base calculation under the Revolving Credit Facility.

The foregoing description of the Amended Credit Agreement, is qualified in its entirety by reference to the Amended Credit Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 9.01 Exhibits

(d) Exhibits

Exhibit No.		Description
10.1		Fourth Amendment to the Credit Agreement, dated as of March 19, 2026, to Credit Agreement dated as of April 4, 2023, by and among Innodata Inc., Innodata Synodex, LLC, Innodata Docgenix, LLC, Agility PR Solutions LLC, and Innodata Services, LLC as borrowers, and Wells Fargo Bank, National Association, as lender.
104		Cover Page Interactive Data File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 24, 2026	INNODATA INC.
	By:	/s/ Marissa B. Espineli
	Name:	Marissa B. Espineli
	Title:	Interim Chief Financial Officer

FAQ

What change did Innodata (INOD) make to its credit facility?

Innodata amended its credit agreement to expand its secured revolving credit facility to a maximum of $50.0 million and extend the maturity date to April 4, 2029, giving the company greater borrowing capacity tied to its eligible accounts receivable.

What is the new maturity date of Innodata (INOD)'s revolving credit facility?

The amended revolving credit facility now has a maturity date of April 4, 2029. This extends the life of the company’s borrowing arrangement with Wells Fargo, providing a longer-term capital source for Innodata and its subsidiaries under the existing credit structure.

How is Innodata (INOD)'s borrowing base under the amended facility calculated?

The borrowing base is calculated using defined percentages of eligible accounts, eligible government prime accounts, certain unbilled accounts, and specified foreign accounts, minus reserves. This formula determines the actual borrowing capacity at any time, subject to the overall $50.0 million maximum credit limit.

What would Innodata (INOD)'s borrowing base have been under the new formula?

Using the amended borrowing base formula, Innodata indicates the borrowing base would have been approximately $30.0 million as of December 31, 2025. This illustrative figure shows how the new calculation would have applied to the company’s then-current eligible receivables.

Why did Innodata (INOD) enter into the amended credit agreement?

Innodata states it entered into the amended credit agreement to gain increased access to capital to support anticipated growth with new and existing customers. Rising accounts receivable from these opportunities would increase the borrowing base under the expanded revolving credit facility.

Which subsidiaries of Innodata (INOD) are borrowers under the amended facility?

The borrowers include Innodata Inc., Innodata Synodex, LLC, Innodata Docgenix, LLC, Agility PR Solutions LLC, and Innodata Services, LLC. These subsidiaries join as borrowers under the amended credit agreement with Wells Fargo, allowing group-wide use of the revolving credit facility.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 50.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB