secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000915779-22-000092
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/0000915779-22-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000091577922000092/dakt-20221031.htm
  HTML page:      https://secwatch.observer/filing/0000915779-22-000092

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