{"schema_version":"secwatch.filing_event.v1","accession":"0001101680-23-000104","form_type":"8-K","ticker":null,"cik":"0001101680","company_name":"DZS INC.","filed_at":"2023-09-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.144774+00:00","generated_at":"2026-06-10T08:03:14.945398+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"DZS subsidiary DNS Korea secures additional $5.2M loan from DNI at 8%","bullets":["DNS Korea entered into a 6.96B KRW (~$5.23M) three-year term loan from DNI on Sept 22, 2023, bearing 8% interest.","Total DNI loans to DNS Korea now KRW 39.63B (~$29.73M).","Proceeds used to repay remaining balance under JPMorgan Credit Agreement dated Feb 2022.","Loan secured by existing collateral: DNS Korea assets and 9,999,999 shares of DNS Korea held by DZS California.","Maturity Sept 12, 2026; interest payable quarterly."],"urls":{"canonical":"https://secwatch.observer/filing/0001101680-23-000104","json":"https://secwatch.observer/filing/0001101680-23-000104.json","markdown":"https://secwatch.observer/filing/0001101680-23-000104.md","text":"https://secwatch.observer/filing/0001101680-23-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/dzsi-20230922.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T08:03:14.945398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f19ce4cfce8851e3cb9478561421dcdd76db2ae4","claim":"DZS INC. incurred term loan of 6,957,650,000 KRW with Dasan Networks, Inc. at 8.0% per annum maturing September 12, 2026.","evidence_excerpt":"On September 22, 2023, DNS Korea entered into a Loan Agreement (the “Second Loan Agreement”) with DNI, as lender, DZS California, as collateral provider, and the Company, pursuant to which DNS Korea received an additional three-year term loan from DNI in an aggregate principal amount equal to 6,957,650,000 KRW, the equivalent of $5,234,071 USD (the “Second DNI Loan”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"6,957,650,000 KRW"},{"label":"Counterparty","value":"Dasan Networks, Inc."},{"label":"Rate","value":"8.0% per annum"},{"label":"Maturity","value":"September 12, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"941631915957500eaee9ebc3d4f5a05a0ba2e517","claim":"DZS INC. entered into Second Loan Agreement with Dasan Networks, Inc. valued at 6,957,650,000 KRW (equivalent to $5,234,071 USD) (effective 2023-09-22).","evidence_excerpt":"On September 22, 2023, DNS Korea entered into a Loan Agreement (the “Second Loan Agreement”) with DNI, as lender, DZS California, as collateral provider, and the Company, pursuant to which DNS Korea received an additional three-year term loan from DNI in an aggregate principal amount equal to 6,957,650,000 KRW, the equivalent of $5,234,071 USD (the “Second DNI Loan” and, together with the First DNI Loan, the “DNI Loans”), bringing the total amount loaned by DNI to DNS Korea under the DNI Loans to 39,628,400,000 KRW, or the equivalent of $29,734,071 USD.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Dasan Networks, Inc."},{"label":"Value","value":"6,957,650,000 KRW (equivalent to $5,234,071 USD)"},{"label":"Effective","value":"2023-09-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}