{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-086879","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.109042+00:00","generated_at":"2026-05-19T07:14:43.175251+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Culp extends Wells Fargo ABL facility to June 2028; borrowing base unchanged at $30M","bullets":["Term extended three years; now matures June 12, 2028 (was previously January 2026).","Maximum revolving credit remains $30M with $2M letter-of-credit sublimit.","Interest rate: daily simple SOFR + 1.75% to 2.25% based on average monthly excess availability.","Springing fixed charge coverage ratio of 1.10x triggered when availability falls below $4.5M.","$120,000 amendment fee paid to Wells Fargo."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-086879","json":"https://secwatch.observer/filing/0000950170-25-086879.json","markdown":"https://secwatch.observer/filing/0000950170-25-086879.md","text":"https://secwatch.observer/filing/0000950170-25-086879.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000095017025086879/0000950170-25-086879-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000095017025086879/culp-20250612.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T07:14:43.175251+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}