Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ARK RESTAURANTS CORP amended credit facility of $10,000,000 with Bank Hapoalim B.M. at Term SOFR Rate plus 3.65% or prime rate plus 0.45% maturing 2025-05-31.
- Instrument
- credit facility
- Principal
- $10,000,000
- Counterparty
- Bank Hapoalim B.M.
- Rate
- Term SOFR Rate plus 3.65% or prime rate plus 0.45%
- Maturity
- 2025-05-31
- Event
- amendment
Exact text from the filing
the 2018 Credit Agreement primarily to (i) extend the Commitment Termination Date to May 31, 2025, (ii) provide for a revolving credit facility with a commitment amount of $10,000,000 and (iii) remove and replace the interest rate benchmark based on the London interbank offered rate (“LIBOR”) and related LIBOR-based mechanics with an interest rate benchmark
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ARK RESTAURANTS CORP amended Second Amended and Restated Credit Agreement with Bank Hapoalim B.M. valued at $10,000,000 (effective 2023-03-30).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank Hapoalim B.M.
- Value
- $10,000,000
- Effective
- 2023-03-30
Exact text from the filing
On March 30, 2023, Ark Restaurants Corp., a New York corporation (the “Company”), entered into a Second Amended and Restated Credit Agreement, dated as of March 30, 2023, by and between the Company, as borrower, and Bank Hapoalim B.M. (“BHBM”), as lender (the “2023 Credit Agreement”).
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