secwatch.observer — SEC 8-K summary
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Issuer:     FLEXSTEEL INDUSTRIES INC (FLXS)
CIK:        0000037472
Form:       8-K
Filed at:   2025-06-05T23:59:59+00:00
Accession:  0000950170-25-082301
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flexsteel reduces revolving credit facility to $55M via third amendment to Wells Fargo agreement
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- Third Amendment to Credit Agreement with Wells Fargo sets Maximum Revolver Amount at $55 million.
- No outstanding borrowings under the revolving line of credit as of June 3, 2025.
- Covenant and increased reporting triggers now threshold at greater of 10% of $55M or $5.5M availability.
- Company initiated the reduction to better align with current and projected borrowing needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37472/000095017025082301/0000950170-25-082301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37472/000095017025082301/flxs-20250603.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-082301

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