secwatch.observer — SEC 8-K summary
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Issuer:     ANGIODYNAMICS INC (ANGO)
CIK:        0001275187
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001140361-25-020621
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AngioDynamics enters $25M secured revolving credit facility with JPMorgan Chase
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- Secured $25 million revolving credit facility from JPMorgan Chase, maturing May 28, 2027.
- Borrowing base based on working capital assets; initially subject to $5M availability block until fixed charge coverage ratio >1.10:1.00.
- Interest: Term SOFR + 2.00% or ABR + 1.00%, commitment fee 0.20% on unused portion.
- Proceeds for general corporate needs and working capital, including during manufacturing transfer.
- Company states it remains well capitalized with cash on hand; facility provides incremental flexibility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275187/000114036125020621/0001140361-25-020621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275187/000114036125020621/ef20049727_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-020621

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