{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-075258","form_type":"8-K","ticker":null,"cik":"0001015155","company_name":"CHARLES & COLVARD LTD","filed_at":"2023-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.609567+00:00","generated_at":"2026-06-13T15:56:31.934084+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Charles & Colvard renews $5M secured credit facility with JPMorgan, extending maturity to July 2024","bullets":["Renewed $5M cash secured credit facility from JPMorgan Chase; maturity extended to July 31, 2024 from July 31, 2023.","Facility secured by a $5,050,000 deposit account; no financial covenants; no outstanding balance.","Interest rate: SOFR + 1.25% per annum plus 0.10% unsecured-to-secured adjustment.","No advances drawn; facility available for general corporate purposes and working capital.","Subsidiaries guarantee obligations; JPMorgan may assign the facility."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-075258","json":"https://secwatch.observer/filing/0001104659-23-075258.json","markdown":"https://secwatch.observer/filing/0001104659-23-075258.md","text":"https://secwatch.observer/filing/0001104659-23-075258.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1015155/000110465923075258/0001104659-23-075258-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1015155/000110465923075258/tm2319461d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T15:56:31.934084+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":"e72376ac06d8b313d8b6aa34ce6b360f466525fa","claim":"CHARLES & COLVARD LTD amended credit facility of $5,000,000 cash secured credit facility with JPMorgan Chase Bank, N.A. at variable rate equal to the sum of the monthly secured overnight financing rate p maturing July 31, 2024.","evidence_excerpt":"On June 21, 2023, Charles & Colvard, Ltd. (the “Company”), renewed a $5,000,000 cash secured credit facility (as renewed, the “Credit Facility”) from JPMorgan Chase Bank, N.A. (“JPMC”), with an effective date of June 21, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1015155/000110465923075258/0001104659-23-075258-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$5,000,000 cash secured credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"variable rate equal to the sum of the monthly secured overnight financing rate p"},{"label":"Maturity","value":"July 31, 2024"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}