---
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"
generated_at: "2026-06-10T08:03:14.945398+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# DZS subsidiary DNS Korea secures additional $5.2M loan from DNI at 8%

## Summary
- 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.

## SEC filing metadata
- accession: 0001101680-23-000104
- form_type: 8-K
- cik: 0001101680
- company_name: DZS INC.
- filed_at: 2023-09-27T23:59:59+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/1101680/000110168023000104/0001101680-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/dzsi-20230922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001101680-23-000104
- JSON: https://secwatch.observer/filing/0001101680-23-000104.json
- Plain text: https://secwatch.observer/filing/0001101680-23-000104.txt

## Key facts
- Debt Financings
  DZS INC. incurred term loan of 6,957,650,000 KRW with Dasan Networks, Inc. at 8.0% per annum maturing September 12, 2026.
  - Instrument: term loan
  - Principal: 6,957,650,000 KRW
  - Counterparty: Dasan Networks, Inc.
  - Rate: 8.0% per annum
  - Maturity: September 12, 2026
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Dasan Networks, Inc.
  - Value: 6,957,650,000 KRW (equivalent to $5,234,071 USD)
  - Effective: 2023-09-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm

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