secwatch.observer — SEC 8-K summary
======================================

Issuer:     NLIGHT, INC. (LASR)
CIK:        0001124796
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001124796-24-000116
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

nLIGHT amends credit agreement with Banc of California; extends maturity to Sept 2027, adds $50M cash covenant
--------------------------------------------------------------------------------

- Maturity extended three years to Sept 24, 2027; interest rate now Prime Rate minus 1.00% if total cash ≥ $100M.
- New minimum Total Cash covenant of $50M; prior EBITDA/capex covenant suspended after Q3 2024.
- nLIGHT DEFENSE Systems to become co-borrower within 120 days; intercompany investment limit raised to $10M.
- Limited waivers granted for missing 2023 and 2024 board-approved budget submissions.
- No revolving loans outstanding as of Sept 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124796/000112479624000116/0001124796-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124796/000112479624000116/lasr-20240925.htm
  HTML page:      https://secwatch.observer/filing/0001124796-24-000116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer