Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
JANEL CORP incurred credit facility of aggregating a principal up to $59,120,000 with Santander Bank, N.A. at either a base rate or, at the election of the Borrowers, term SOFR for the appli maturing December 29, 2030.
- Instrument
- credit facility
- Principal
- aggregating a principal up to $59,120,000
- Counterparty
- Santander Bank, N.A.
- Rate
- either a base rate or, at the election of the Borrowers, term SOFR for the appli
- Maturity
- December 29, 2030
- Event
- incurrence
Exact text from the filing
On December 29, 2025 (the “Closing Date”), Janel Corporation (the “Company”), Janel Group LLC and certain other subsidiaries of the Company, as borrowers (collectively, the “Borrowers”) and guarantors (together with the Company, the “Guarantors” and together with the Borrowers, the “Janel Obligors”), entered into that certain senior secured Credit Agreement with Santander Bank, N.A., as administrative agent (the “Administrative Agent”), Santander Bank, N.A., as joint lead arranger, First Merchants Bank as joint lead arranger, and the lenders party thereto (the “Senior Credit Agreement”), providing for revolving, term loan and acquisition credit facilities aggregating a principal up to $59,120,000 (the “Senior Credit Facility”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
JANEL CORP entered into Senior Credit Agreement with Santander Bank, N.A. valued at $59,120,000 (effective 2025-12-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Santander Bank, N.A.
- Value
- $59,120,000
- Effective
- 2025-12-29
Exact text from the filing
On December 29, 2025 (the “Closing Date”), Janel Corporation (the “Company”), Janel Group LLC and certain other subsidiaries of the Company, as borrowers (collectively, the “Borrowers”) and guarantors (together with the Company, the “Guarantors” and together with the Borrowers, the “Janel Obligors”), entered into that certain senior secured Credit Agreement with Santander Bank, N.A., as administrative agent (the “Administrative Agent”), Santander Bank, N.A., as joint lead arranger, First Merchants Bank as joint lead arranger, and the lenders party thereto (the “Senior Credit Agreement”), providing for revolving, term loan and acquisition credit facilities aggregating a principal up to $59,120,000 (the “Senior Credit Facility”).
View on SEC.gov