secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001079973-25-000614
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex increases revolving credit line from $7M to $11M with UMB Bank
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- Revolving credit line raised to $11M (from $7M); $5M drawn and outstanding as of April 8, 2025.
- Maturity date December 29, 2026; interest rate = greater of 4.0% or SOFR + 2.5%.
- Fixed Charge Coverage Ratio covenant amended: 1.15:1 through June 30, 2026, then 1.20:1.
- Origination fee of $8,000 paid; other terms unchanged per Amendment No. 6.
- Debt amendment provides additional liquidity for working capital or general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000107997325000614/0001079973-25-000614-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000107997325000614/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000614

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