secwatch.observer — SEC 8-K summary
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Issuer:     ARK RESTAURANTS CORP (ARKR)
CIK:        0000779544
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0000779544-23-000015
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ark Restaurants enters $10M revolving credit facility with Bank Hapoalim, extends to May 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/0000779544-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779544/000077954423000015/arkr-20230330.htm
  HTML page:      https://secwatch.observer/filing/0000779544-23-000015

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