Pro-Dex enters $5M Term Loan C to refinance revolving debt and fund stock buybacks

PRO DEX INC

New $5M Term Loan C refinances $3M revolving balance; $2M+ available for stock repurchases under 10b5-1 plan.
Term Loan C requires monthly principal of $83,333 plus accrued interest; matures August 1, 2029.
Interest rate is greater of 5.0% or one-month SOFR + 2.5%; default rate adds 3%.
Amended credit agreement retains $7M revolving capacity through August 2026.
Lender required borrower to enter an Interest Rate Protection Agreement as condition.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.