secwatch.observer — SEC 8-K summary
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Issuer:     JANEL CORP (JANL)
CIK:        0001133062
Form:       8-K
Filed at:   2022-07-13T23:59:59+00:00
Accession:  0001140361-22-025920
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133062/000114036122025920/0001140361-22-025920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133062/000114036122025920/ny20004746x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-025920

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