---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-012926"
form_type: "8-K"
ticker: "CCEL"
cik: "0000862692"
company_name: "CRYO CELL INTERNATIONAL INC"
filed_at: "2022-07-22T23:59:59+00:00"
generated_at: "2026-06-24T09:44:34.791424+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Cryo-Cell enters $18.96M credit facility with Susser Bank; term loan for NC building purchase

## Summary
- Revolving credit facility of up to $10M and term loan of $8.96M with Susser Bank.
- Term loan proceeds used to purchase commercial office building in Durham, North Carolina (previously disclosed).
- RCF matures July 18, 2025; term loan matures July 18, 2032.
- Interest at Base Rate plus 4.25% or SOFR plus 3.25% (floors of 5.5% and 4.5%, respectively).
- Covenants: leverage ratio ≤3.50x, debt service coverage ≥1.25x; dividends restricted if default exists.

## SEC filing metadata
- accession: 0000950170-22-012926
- form_type: 8-K
- ticker: CCEL
- cik: 0000862692
- company_name: CRYO CELL INTERNATIONAL INC
- filed_at: 2022-07-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862692/000095017022012926/0000950170-22-012926-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862692/000095017022012926/ccel-20220718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-012926
- JSON: https://secwatch.observer/filing/0000950170-22-012926.json
- Plain text: https://secwatch.observer/filing/0000950170-22-012926.txt

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