Tandy Leather Factory enters $5M credit facility with JPMorgan Chase

TANDY LEATHER FACTORY INC

Company entered Credit Agreement with JPMorgan Chase Bank on Jan 3, 2023 for up to $5,000,000.
Facility secured by cash, inventory, and equipment; includes standard covenants.
No prior long-term debt or active credit facilities; no current plan to draw.
Borrowings may be used for general corporate purposes, such as seasonal inventory or working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

TANDY LEATHER FACTORY INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $5,000,000 (effective 2023-01-03).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $5,000,000
Effective: 2023-01-03

Exact text from the filing

On January 3, 2023, Tandy Leather Factory, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (the “Bank”).

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TANDY LEATHER FACTORY INC filing history →

Source: SEC EDGAR

accession 0001140361-23-001066

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