secwatch.observer — SEC 8-K summary
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Issuer:     TRANSACT TECHNOLOGIES INC (TACT)
CIK:        0001017303
Form:       8-K
Filed at:   2021-07-26T23:59:59+00:00
Accession:  0001017303-21-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TransAct Technologies amends credit facility; swaps EBITDA covenant for $750K minimum excess availability
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- Changed financial covenant from minimum EBITDA to excess availability of at least $750,000.
- New covenant tested monthly starting July 31, 2021 under Siena Lending credit facility.
- Within 45 days of July 21, 2021, borrower must deliver control agreement for Kestra Investment account or face default.
- No other material changes to loan terms; representations and warranties reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1017303/000101730321000061/0001017303-21-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1017303/000101730321000061/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001017303-21-000061

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