Quhuo Limited Affiliate Secures Credit Facility
Ticker: QH · Form: 6-K · Filed: Oct 16, 2024 · CIK: 1781193
| Field | Detail |
|---|---|
| Company | Quhuo Ltd (QH) |
| Form Type | 6-K |
| Filed Date | Oct 16, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, amendment
TL;DR
QUHUO affiliate locked in a credit facility with Xiamen Bank, amended later.
AI Summary
On February 27, 2024, Quhuo Limited's affiliated entity, Beijing Quhuo Technology Co., Ltd., entered into a credit facility agreement with Xiamen Bank Co. Ltd., Beijing Branch. This agreement was subsequently amended by certain other agreements, the details of which are provided in this filing.
Why It Matters
This filing indicates that Quhuo Limited's subsidiary has secured a credit facility, which could provide financial flexibility and support for its operations and growth initiatives.
Risk Assessment
Risk Level: low — The filing reports on a standard credit facility agreement and its amendment, which is a routine financial disclosure.
Key Players & Entities
- Quhuo Limited (company) — Registrant
- Beijing Quhuo Technology Co., Ltd. (company) — Affiliated entity of Quhuo Limited
- Xiamen Bank Co. Ltd., Beijing Branch (company) — Lender
- February 27, 2024 (date) — Date of credit facility agreement
FAQ
What is the total amount of the credit facility provided by Xiamen Bank?
The filing does not specify the total amount of the credit facility.
What are the key terms of the credit facility agreement dated February 27, 2024?
The filing states that the credit facility agreement was entered into on February 27, 2024, and was subsequently amended, but does not detail the key terms.
What specific amendments were made to the credit facility agreement?
The filing mentions that the agreement was amended by certain other agreements but does not provide details of these amendments.
Which affiliated entity of Quhuo Limited entered into the credit facility agreement?
Beijing Quhuo Technology Co., Ltd., an affiliated entity of Quhuo Limited, entered into the credit facility agreement.
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report information regarding a credit facility agreement entered into by an affiliated entity of Quhuo Limited.
Filing Stats: 305 words · 1 min read · ~1 pages · Grade level 14.5 · Accepted 2024-10-16 16:59:17
Filing Documents
- tm2420851d1_6k.htm (6-K) — 12KB
- 0001104659-24-109253.txt ( ) — 13KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number 001- 39354 Quhuo Limited (Exact name of registrant as specified in its charter) 3F, Building A, Xin’anmen, No. 1 South Bank Huihe South Street, Chaoyang District Beijing, People’s Republic of China (+86-10) 5923 6208 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K Beijing Quhuo Technology Co., Ltd. (“Quhuo Technology”), an affiliated entity of Quhuo Limited (the “Company”), entered into a credit facility agreement with Xiamen Bank Co. Ltd., Beijing Branch (the “Lender”), dated February 27, 2024, which was amended by certain supplemental agreements to the credit facility agreement dated March 11, 2024 and September 25, 2024, respectively (as amended, the “Credit Agreement”), whereby the Lender agreed to provide working capital loans to Quhuo Technology in a maximum amount not to exceed RMB 20 million. In connection with the Credit Agreement, Beijing Quhuo Information Technology Co., Ltd. (“Quhuo Information Technology”), a wholly owned subsidiary of the Company, and the Lender entered into a guarantee agreement, dated October 11, 2024, whereby Quhuo Information Technology guarantees to the Lender due payment of the outstanding amounts of principal and interest and other payment obligations of Quhuo Technology under the Credit Agreement. SIGNATURE 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. Quhuo Limited Date: October 16, 2024 By: /s/ Leslie Yu Name: Leslie Yu Title: Chairman and Chief Executive Officer