---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-013201"
form_type: "8-K"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2022-04-05T23:59:59+00:00"
generated_at: "2026-06-26T09:19:04.917482+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Janel Corp amends credit facility, repurchases Series C preferred, withdraws Series B preferred

## Summary
- Amended Santander loan: revolver raised from $30M to $31.5M; interest benchmark switched from LIBOR to SOFR.
- Repurchased 9,592 shares of Series C cumulative preferred for ~$6.06M (cash + stock); outstanding reduced to 11,368 shares.
- Issued 65,205 common shares valued at $47/share in exchange for 4,905 Series C shares.
- Filed certificate to reduce dividend on remaining Series C and withdraw Series B convertible preferred.
- Granted 15,000 restricted common shares to a consultant under 2017 Equity Incentive Plan.

## SEC filing metadata
- accession: 0001140361-22-013201
- form_type: 8-K
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2022-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036122013201/0001140361-22-013201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036122013201/brhc10036148_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-013201
- JSON: https://secwatch.observer/filing/0001140361-22-013201.json
- Plain text: https://secwatch.observer/filing/0001140361-22-013201.txt

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