---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-067295"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:18:53.667445+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ADAC-Strattec (STRT sub) amends credit: revolver cut to $20M, rates up, maturity to 2026

## Summary
- Revolving commitment reduced from $25M to $20M now, $18M from Aug 1, 2025; maturity extended to Aug 1, 2026.
- SOFR loan margin increased from 1.25% to 3.00%; Base Rate margin from 0.00% to 2.00%.
- Unused fee raised to 0.25% from 0.15%; minimum tangible net worth covenant increased to $45M.
- STRATTEC continues to guarantee the credit facility under its existing corporate guarantee.

## SEC filing metadata
- accession: 0000950170-24-067295
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000095017024067295/0000950170-24-067295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000095017024067295/form_8-k_credit_am_10_20.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-067295
- JSON: https://secwatch.observer/filing/0000950170-24-067295.json
- Plain text: https://secwatch.observer/filing/0000950170-24-067295.txt

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