PDF SOLUTIONS INC 8-K

What Happened

• On April 23, 2026, PDF Solutions, Inc. (PDFS) entered into a First Amendment to its Credit Agreement (originally dated March 7, 2025) with its lenders and Wells Fargo Bank, N.A. as administrative agent. The amendment increases the company's revolving credit facility to an aggregate principal amount of $75 million and changes the annual commitment fee structure for the revolver from a flat rate to leverage-based tiers.

Key Details

• Amendment date: April 23, 2026; 8-K filed April 24, 2026 (Item 1.01).
• Revolving credit facility size increased to $75.0 million (aggregate principal).
• Commitment fee structure (replaces flat 0.50% per annum):
  • 0.50% when total debt / EBITDA ≥ 2.50 to 1.00
  • 0.35% when total debt / EBITDA < 2.50 but ≥ 0.50 to 1.00
  • 0.20% when total debt / EBITDA < 0.50 to 1.00
• All other material terms of the Credit Agreement remain unchanged; the amendment involves the company, certain subsidiary guarantors, the lenders and Wells Fargo as administrative agent.

Why It Matters

• This amendment increases PDF Solutions’ available liquidity by expanding its revolving credit to $75M, providing greater flexibility to fund operations, capital needs, or strategic initiatives. The new tiered commitment-fee structure links financing cost to leverage: lower fees if the company reduces its debt relative to EBITDA, and higher fees if leverage increases. For investors, the change affects the company’s financing cost dynamics and balance-sheet flexibility but does not alter other material credit terms disclosed in the filing.