secwatch.observer — SEC 8-K summary
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Issuer:     KORU Medical Systems, Inc. (KRMD)
CIK:        0000704440
Form:       8-K
Filed at:   2022-07-06T23:59:59+00:00
Accession:  0001161697-22-000345
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORU Medical modifies $3.5M credit line; extends maturity to June 2023, changes interest rate
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- Entered Loan Modification Extension Agreement with KeyBank National Association on June 29, 2022.
- Maturity of $3.5M revolving credit line extended to June 1, 2023.
- Interest rate changed from Prime minus 1.50% to Prime plus 0%.
- Released prior security interest in equipment, inventory, and accounts; replaced with pledge on certain bank accounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704440/000116169722000345/0001161697-22-000345-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704440/000116169722000345/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-22-000345

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer