---
schema_version: "secwatch.filing_event.v1"
accession: "0000719733-24-000146"
form_type: "8-K"
ticker: "KTCC"
cik: "0000719733"
company_name: "KEY TRONIC CORP"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:51:00.549228+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Key Tronic enters $115M revolver and $28M term loan, refinances prior Bank of America facility

## Summary
- $115M asset-based revolver with BMO, matures Dec 3, 2029; $75M outstanding at close.
- $28M term loan with Callodine, quarterly principal payments of $0.75M, matures earlier of Dec 2029 or revolver maturity.
- Interest rate: SOFR + 2.50%-3.00% for revolver; Term Loan at SOFR + 7.00% plus margin; both have 2.00% default rate.
- Financial covenants: fixed charge coverage ratio ≥1.00x monthly; Term Loan requires minimum trailing 12-month EBITDA rising from $14.3M to $25.8M.
- Write-off of ~$0.9M unamortized financing fees from prior facility; Prior Bank of America facility terminated.

## SEC filing metadata
- accession: 0000719733-24-000146
- form_type: 8-K
- ticker: KTCC
- cik: 0000719733
- company_name: KEY TRONIC CORP
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719733/000071973324000146/0000719733-24-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719733/000071973324000146/ktcc-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000719733-24-000146
- JSON: https://secwatch.observer/filing/0000719733-24-000146.json
- Plain text: https://secwatch.observer/filing/0000719733-24-000146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.