Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PRO DEX INC amended revolving credit of increase the Company’s revolving line of credit (the “Revolving Loan”) with MBT from $7,000,000 to $11,000,000 with UMB Bank, N.A. D/B/A Minnesota Bank and Trust, a division of UMB Bank, N.A., successor-in-interest to Minnesota Bank and Trust, a division of HTLF Bank at at an annual rate equal to the greater of (a) 4.0% or (b) SOFR for a one-month p maturing December 29, 2026.
- Instrument
- revolving credit
- Principal
- increase the Company’s revolving line of credit (the “Revolving Loan”) with MBT from $7,000,000 to $11,000,000
- Counterparty
- UMB Bank, N.A. D/B/A Minnesota Bank and Trust, a division of UMB Bank, N.A., successor-in-interest to Minnesota Bank and Trust, a division of HTLF Bank
- Rate
- at an annual rate equal to the greater of (a) 4.0% or (b) SOFR for a one-month p
- Maturity
- December 29, 2026
- Event
- amendment
Exact text from the filing
On April 8, 2025, Pro-Dex, Inc. (the “Company”) entered into Amendment No. 6 to Amended and Restated Credit Agreement (the “Amendment”) with UMB Bank, N.A. D/B/A Minnesota Bank and Trust, a division of UMB Bank, N.A., successor-in-interest to Minnesota Bank and Trust, a division of HTLF Bank (“MBT”), which amends the Company’s Amended and Restated Credit Agreement with MBT (as amended, the “Credit Agreement”), as well as an Amended and Restated Revolving Credit Note with MBT (the “Revolving Note” and, together with the Amendment, the “Credit Agreement Amendments”). The Credit Agreement Amendments, among other things, increase the Company’s revolving line of credit (the “Revolving Loan”) with MBT from $7,000,000 to $11,000,000.
View on SEC.gov