secwatch.observer — SEC 8-K summary
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Issuer:     AMCON DISTRIBUTING CO (DIT)
CIK:        0000928465
Form:       8-K
Filed at:   2022-07-06T23:59:59+00:00
Accession:  0001104659-22-077694
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMCON increases revolving credit facility to $150M, extends maturity to 2027
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- Aggregate principal increased from $110M to $150M; maturity extended from March 2025 to June 30, 2027.
- Real property sublimit of $40M added; five specific properties deemed eligible collateral.
- New borrowers joined (Charles Way LLC and AMCON Bismarck Land Co.), subsidiaries added.
- Applicable Margin tiers set at 1.25% or 1.50% based on Excess Availability above $27.3M.
- Transition from LIBOR to Term SOFR effective immediately prior to amendment closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928465/000110465922077694/0001104659-22-077694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928465/000110465922077694/tm2220448d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-077694

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