secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0000950170-22-026317
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Nicholas Financial cuts credit facility to $60M, maturity to May 2023
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- Credit facility reduced from $175M to $60M; advance rate lowered to 50% of eligible receivables.
- Maturity shortened from Nov 5, 2024 to May 31, 2023; default interest rate waived.
- $0.3M non-refundable restructuring costs incurred; prior default event waived.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022026317/0000950170-22-026317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022026317/nick-20221206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026317

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