Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
INNOVATIVE SOLUTIONS & SUPPORT INC amended revolving credit of from $10,000,000 to $30,000,000 with PNC Bank, National Association at Daily SOFR plus an unadjusted spread of Applicable SOFR Margin plus a SOFR adjus maturing December 19, 2028.
- Instrument
- revolving credit
- Principal
- from $10,000,000 to $30,000,000
- Counterparty
- PNC Bank, National Association
- Rate
- Daily SOFR plus an unadjusted spread of Applicable SOFR Margin plus a SOFR adjus
- Maturity
- December 19, 2028
- Event
- amendment
Exact text from the filing
On December 19, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) and PNC Bank, National Association (“ PNC ”) entered into an Amendment to Loan Documents (the “ Loan Amendment ”) and a corresponding Amended and Restated Revolving Line of Credit Note (“ Restated Line of Credit Note ”) and Amended and Restated Line of Credit and Investment Sweep Rider (the “ Restated Rider ”), to increase the aggregate principal amount available under the Company’s senior secured revolving line of credit from $10,000,000 to $30,000,000 and extend the maturity date until December 19, 2028.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
INNOVATIVE SOLUTIONS & SUPPORT INC amended Amendment to Loan Documents with PNC Bank, National Association valued at from $10,000,000 to $30,000,000 (effective 2023-12-19).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- from $10,000,000 to $30,000,000
- Effective
- 2023-12-19
Exact text from the filing
On December 19, 2023, Innovative Solutions and Support, Inc. (the “ Company ”) and PNC Bank, National Association (“ PNC ”) entered into an Amendment to Loan Documents (the “ Loan Amendment ”) and a corresponding Amended and Restated Revolving Line of Credit Note (“ Restated Line of Credit Note ”) and Amended and Restated Line of Credit and Investment Sweep Rider (the “ Restated Rider ”), to increase the aggregate principal amount available under the Company’s senior secured revolving line of credit from $10,000,000 to $30,000,000 and extend the maturity date until December 19, 2028.
View on SEC.gov