secwatch.observer — SEC 8-K summary
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Issuer:     Boxlight Corp (BOXL)
CIK:        0001624512
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001104659-23-050449
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boxlight amends credit agreement to borrow additional $3.0M from Whitehawk; repayable by Sept 29, 2023
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- Third Amendment to existing $58.5M credit agreement provides $3.0M delayed draw term loan.
- Loan funded on April 24, 2023; must be repaid by Sept 29, 2023, with no prepayment penalties.
- Senior leverage ratio covenants revised for periods through 2024; e.g., 2.50:1.00 for Dec 31, 2023.
- Minimum liquidity: $1M through May 31, 2023, then $4M from June 1, 2023.
- Subsidiaries reaffirm guarantees and liens under the credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/0001104659-23-050449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1624512/000110465923050449/tm2313757d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-050449

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