---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-130007"
form_type: "8-K"
ticker: null
cik: "0000701288"
company_name: "ATRION CORP"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:39:06.284191+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Atrion enters $25M credit facility with Wells Fargo; CFO gets change-in-control agreement

## Summary
- Entered $25M revolving credit facility with Wells Fargo, maturing Dec 21, 2026; interest at SOFR+1.00%-1.75% or Base Rate+0%-0.75%.
- Commitment fee on unused portion 0.30%-0.45% p.a.; financial covenants include max leverage and min fixed charge coverage.
- CFO Cindy Ferguson signed change-in-control agreement; provides lump sum equal to 12-month base salary plus full equity vesting upon qualifying termination.
- Reaffirmed existing subsidiary guarantees and collateral; restated 2017 credit agreement.

## SEC filing metadata
- accession: 0001104659-23-130007
- form_type: 8-K
- cik: 0000701288
- company_name: ATRION CORP
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/0001104659-23-130007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/tm2333788d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-130007
- JSON: https://secwatch.observer/filing/0001104659-23-130007.json
- Plain text: https://secwatch.observer/filing/0001104659-23-130007.txt

## Key facts
- Debt Financings
  ATRION CORP amended revolving credit of $25.0 million with Wells Fargo Bank, National Association at rate per annum equal to an agreed applicable margin plus, at Company's election, maturing December 21, 2026.
  - Instrument: revolving credit
  - Principal: $25.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: rate per annum equal to an agreed applicable margin plus, at Company's election,
  - Maturity: December 21, 2026
  - Event: amendment
  source text: an Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as lender. The Credit Agreement provides for a $25.0 million revolving credit facility, with an uncommitted feature allowing for the Company to request increases to the revolving credit commitment of up to $50.0 million in the aggregate.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/0001104659-23-130007-index.htm
- Material Agreements
  ATRION CORP amended Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $25.0 million (effective 2023-12-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: $25.0 million
  - Effective: 2023-12-21
  source text: On December 21, 2023, Atrion Corporation (the “Company”), as borrower, entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701288/000110465923130007/0001104659-23-130007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.