secwatch.observer — SEC 8-K summary
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Issuer:     ACCURAY INC (ARAY)
CIK:        0001138723
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000950170-24-106804
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accuray amends credit pact; revolver cut to $20M, added liquidity covenant
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- Available revolving commitments reduced to no more than $20 million under Fourth Amendment.
- Added Minimum Liquidity covenant to the credit agreement.
- Consolidated Fixed Charge Coverage Ratio and Senior Net Leverage Ratio modified for Q1 FY2025.
- Silicon Valley Bank remains administrative agent; amendment effective September 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024106804/0000950170-24-106804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1138723/000095017024106804/aray-20240912.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-106804

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