---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001167"
form_type: "8-K"
ticker: "PDEX"
cik: "0000788920"
company_name: "PRO DEX INC"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:17:45.613175+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-24-001167
- form_type: 8-K
- ticker: PDEX
- cik: 0000788920
- company_name: PRO DEX INC
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788920/000107997324001167/0001079973-24-001167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788920/000107997324001167/pdex_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001167
- JSON: https://secwatch.observer/filing/0001079973-24-001167.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001167.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.