---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-025920"
form_type: "8-K"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2022-07-13T23:59:59+00:00"
generated_at: "2026-06-24T15:39:56.162609+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Janel Corp amends credit facility, adds $12M bridge loan for Rubicon tender offer

## Summary
- Increased revolving credit facility from $31.5M to $35M; new $12M bridge term loan for Rubicon acquisition.
- Bridge loan matures 20 business days after funding or upon Rubicon dividend payment; must be drawn by Sept 15, 2022.
- Lender consents to Rubicon tender offer (up to 45% of shares) and $2.5M dividend from Janel Group to parent.
- Waiver auto-rescinds if Rubicon acquisition not consummated by Sept 15, 2022.

## SEC filing metadata
- accession: 0001140361-22-025920
- form_type: 8-K
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2022-07-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036122025920/0001140361-22-025920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036122025920/ny20004746x2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-025920
- JSON: https://secwatch.observer/filing/0001140361-22-025920.json
- Plain text: https://secwatch.observer/filing/0001140361-22-025920.txt

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