secwatch.observer — SEC 8-K summary
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Issuer:     DZS INC. (—)
CIK:        0001101680
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001101680-23-000104
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/0001101680-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101680/000110168023000104/dzsi-20230922.htm
  HTML page:      https://secwatch.observer/filing/0001101680-23-000104

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