---
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"
generated_at: "2026-06-13T10:50:24.191243+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Daktronics draws $15M delayed term loan under existing credit facility with JPMorgan

## Summary
- 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).

## SEC filing metadata
- 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
- 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/915779/000091577923000036/0000915779-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000036/dakt-20230707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000036
- JSON: https://secwatch.observer/filing/0000915779-23-000036.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000036.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: $15 million
  - Effective: 2023-07-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000036/0000915779-23-000036-index.htm

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