Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
JANEL CORP incurred credit facility of $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $620,000 Term B Loan with First Merchants Bank at one-month adjusted term SOFR plus either (i) 2.75% ... or (ii) 3.50% ... 4.19% o maturing Revolving Loan ... expire on August 1, 2027, Term A Loan ... mature on April 25, 2033, Term B Loan ... mature on July 1, 2025, Acquisition Loan ... maturity ....
- Instrument
- credit facility
- Principal
- $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $620,000 Term B Loan
- Counterparty
- First Merchants Bank
- Rate
- one-month adjusted term SOFR plus either (i) 2.75% ... or (ii) 3.50% ... 4.19% o
- Maturity
- Revolving Loan ... expire on August 1, 2027, Term A Loan ... mature on April 25, 2033, Term B Loan ... mature on July 1, 2025, Acquisition Loan ... maturity ...
- Event
- incurrence
Exact text from the filing
are part of the Life Science and Manufacturing segments (together with Indco, the “ Borrowers ” and each, a “ Borrower ”), entered into a Credit Agreement (the “ Credit Agreement ”) with First Merchants Bank (“ First Merchants ”). The Credit Agreement constitutes an amendment and restatement of that certain Credit Agreement dated February 29, 2016 between Indco and First Merchants (as amended, the “ Prior Credit Agreement ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
JANEL CORP entered into Credit Agreement with First Merchants Bank valued at $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $62 (effective 2023-04-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- First Merchants Bank
- Value
- $3.0 million Revolving Loan, a $5.0 million Acquisition Loan, a $6.905 million Term A Loan and a $62
- Effective
- 2023-04-25
Exact text from the filing
On April 25, 2023 Indco, Inc. (“ Indco ”), a Tennessee corporation and subsidiary of Janel Corporation (the “Company”), and certain other Subsidiaries of the Company that are part of the Life Science and Manufacturing segments (together with Indco, the “ Borrowers ” and each, a “ Borrower ”), entered into a Credit Agreement (the “ Credit Agreement ”) with First Merchants Bank (“ First Merchants ”).
View on SEC.gov