---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-22-000092"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T21:01:01.787271+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Daktronics temporarily increases revolving credit facility by $10M to $45M through Jan 31, 2023

## Summary
- Seventh Amendment with U.S. Bank raises revolver from $35M to $45M until Jan 30, 2023; steps back to $35M on Jan 31.
- As of Oct 31, 2022, borrowings were $26.0M and letters of credit outstanding were ~$6.9M.
- Revolving Commitment Fee tiers revised: 12.5-17.5 bps based on IBD/EBITDA ratio; Tier 1 (12.5 bps) deemed until Q2 FY23 financials.

## SEC filing metadata
- accession: 0000915779-22-000092
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/0000915779-22-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/dakt-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-22-000092
- JSON: https://secwatch.observer/filing/0000915779-22-000092.json
- Plain text: https://secwatch.observer/filing/0000915779-22-000092.txt

## Key facts
- Material Agreements
  DAKTRONICS INC /SD/ amended Seventh Amendment with U.S. Bank National Association valued at $35.0 million to $45.0 million (effective 2022-10-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: $35.0 million to $45.0 million
  - Effective: 2022-10-31
  source text: On October 31, 2022, we entered into the Seventh Amendment (the "Amendment") to the Credit Agreement dated as of November 16, 2016, as amended (the “Credit Facility”) with U.S. Bank National Association (the “Bank”). The Amendment temporarily increases the revolving commitment amount from $35.0 million to $45.0 million until January 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/0000915779-22-000092-index.htm

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