{"schema_version":"secwatch.filing_event.v1","accession":"0000779544-23-000015","form_type":"8-K","ticker":"ARKR","cik":"0000779544","company_name":"ARK RESTAURANTS CORP","filed_at":"2023-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.214624+00:00","generated_at":"2026-06-17T06:08:33.899241+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ark Restaurants enters $10M revolving credit facility with Bank Hapoalim, extends to May 2025","bullets":["Revolving credit facility commitment of $10,000,000 with Bank Hapoalim B.M.","Commitment termination date extended to May 31, 2025.","Interest rate options: Term SOFR + 3.65% or prime rate + 0.45%.","Unused line fee of 0.30% per annum on available commitments.","Security interest granted in substantially all assets under Second A&R Security Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0000779544-23-000015","json":"https://secwatch.observer/filing/0000779544-23-000015.json","markdown":"https://secwatch.observer/filing/0000779544-23-000015.md","text":"https://secwatch.observer/filing/0000779544-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/0000779544-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/arkr-20230330.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:08:33.899241+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":[{"claim_id":"1ed81efdaa0115f8d0e5ccf645d2217908a909d1","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/0000779544-23-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$10,000,000"},{"label":"Counterparty","value":"Bank Hapoalim B.M."},{"label":"Rate","value":"Term SOFR Rate plus 3.65% or prime rate plus 0.45%"},{"label":"Maturity","value":"2025-05-31"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8c649d60e83efea444fd5a23168409cec5fc3136","claim":"ARK RESTAURANTS CORP amended Second Amended and Restated Credit Agreement with Bank Hapoalim B.M. valued at $10,000,000 (effective 2023-03-30).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/0000779544-23-000015-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank Hapoalim B.M."},{"label":"Value","value":"$10,000,000"},{"label":"Effective","value":"2023-03-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}