{"schema_version":"secwatch.filing_event.v1","accession":"0000719733-24-000105","form_type":"8-K","ticker":"KTCC","cik":"0000719733","company_name":"KEY TRONIC CORP","filed_at":"2024-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.903092+00:00","generated_at":"2026-05-30T17:02:41.716366+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Key Tronic obtains waiver of loan defaults; interest rate up 50bps, availability block raised","bullets":["Sixth amendment waives defaults for fixed-charge coverage ratio misses in June and July 2024 and late audited financials.","Interest rate margins increased 50 bps: Base Rate loans now 3.50%, Term SOFR loans now 4.50%.","Availability block (borrowing limit) raised from $8M to $10M effective Oct 9, 2024; to rise to $11M on Dec 31, 2024 and $12M on Mar 31, 2025.","Existing defaults triggered by failing to maintain fixed-charge coverage ratio below 1.00:1.00 (June) and 1.05:1.00 (July) plus delayed audited statements.","Amendment effective October 9, 2024; lenders include Bank of America as agent."],"urls":{"canonical":"https://secwatch.observer/filing/0000719733-24-000105","json":"https://secwatch.observer/filing/0000719733-24-000105.json","markdown":"https://secwatch.observer/filing/0000719733-24-000105.md","text":"https://secwatch.observer/filing/0000719733-24-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000105/0000719733-24-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719733/000071973324000105/ktcc-20241009.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T17:02:41.716366+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}