secwatch.observer — SEC 8-K summary
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Issuer:     LCNB CORP (LCNB)
CIK:        0001074902
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001074902-22-000100
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LCNB Corp. secures $5M revolver and $15M term loan, terminates prior $20M line
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- New revolving line of credit of $5M at Prime minus 0.25%, matures June 15, 2023.
- New term loan of $15M at fixed 4.25%, matures June 15, 2025; prepayment penalty 1% if refinanced within 3 years.
- Both loans secured by Negative Pledge Agreement on LCNB National Bank stock.
- Facilities replace prior $20M revolver from February 2022; old line terminated.
- Lender is Bankers' Bank; standard events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074902/000107490222000100/0001074902-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074902/000107490222000100/lcnb-20220621.htm
  HTML page:      https://secwatch.observer/filing/0001074902-22-000100

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