{"schema_version":"secwatch.filing_event.v1","accession":"0000915779-23-000036","form_type":"8-K","ticker":"DAKT","cik":"0000915779","company_name":"DAKTRONICS INC /SD/","filed_at":"2023-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.013652+00:00","generated_at":"2026-06-13T10:50:24.191243+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Daktronics draws $15M delayed term loan under existing credit facility with JPMorgan","bullets":["Drew full $15M delayed draw term loan available under $60M asset-based revolver.","Loan secured by real estate in Brookings, SD; amortizes over 10 years, matures May 11, 2026.","No change to $60M revolving credit facility; additional $15M term loan now outstanding.","Proceeds used for general corporate purposes (not specified but typical)."],"urls":{"canonical":"https://secwatch.observer/filing/0000915779-23-000036","json":"https://secwatch.observer/filing/0000915779-23-000036.json","markdown":"https://secwatch.observer/filing/0000915779-23-000036.md","text":"https://secwatch.observer/filing/0000915779-23-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000036/0000915779-23-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000036/dakt-20230707.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:50:24.191243+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":"9944d3cb65d40dfc84343c4eab6c57d8bdfe158e","claim":"DAKTRONICS INC /SD/ entered into Mortgage – One Hundred Eighty Day Redemption, Mortgage – Collateral Real Estate Mortgage (with Future Advance Clause) – One Hundred Eighty Day Redemption, and Assignment of Leases and Rents, Security Agreement and Fixture Filing with JPMorgan Chase Bank, N.A. valued at $15 million (effective 2023-07-07).","evidence_excerpt":"Effective on July 7 , 2023, the Company and JPMorgan Chase closed on the Delayed Draw Term Loan in the original principal amount of $15 million and entered into the Mortgage – One Hundred Eighty Day Redemption, Mortgage – Collateral Real Estate Mortgage (with Future Advance Clause) – One Hundred Eighty Day Redemption, and Assignment of Leases and Rents, Security Agreement and Fixture Filing (the “Mortgage”) and other customary ancillary closing documents.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/915779/000091577923000036/0000915779-23-000036-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$15 million"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}