---
schema_version: "secwatch.filing_event.v1"
accession: "0001161697-26-000086"
form_type: "8-K"
ticker: "KRMD"
cik: "0000704440"
company_name: "KORU Medical Systems, Inc."
filed_at: "2026-04-03T23:59:59+00:00"
generated_at: "2026-05-15T07:44:51.439456+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# KORU Medical amends HSBC credit facility, extends maturities and lowers rate floor

## Summary
- Amendment extends $5M revolver maturity from Dec 31, 2026 to Mar 30, 2028.
- Term loan interest-only period extended to Jun 30, 2027, with possible further extension to Dec 31, 2027 upon EBITDA milestones.
- Term loan maturity extended to Dec 1, 2029; interest rate floor reduced to 5.50% from 6.50%.
- Adjusted quick ratio covenant removed; replaced by 12-month liquidity covenant when drawn or positive trailing 3-month Adjusted EBITDA.
- Company has not drawn on the $10M total facility and has no obligation to do so.

## SEC filing metadata
- accession: 0001161697-26-000086
- form_type: 8-K
- ticker: KRMD
- cik: 0000704440
- company_name: KORU Medical Systems, Inc.
- filed_at: 2026-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/0001161697-26-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-26-000086
- JSON: https://secwatch.observer/filing/0001161697-26-000086.json
- Plain text: https://secwatch.observer/filing/0001161697-26-000086.txt

## Source-grounded claims
- claim_id: 2f6690d9dd2e0e9b306bcb7079e717a641bc5220
  claim: KORU Medical Systems, Inc. amended term loan of $5,000,000 with HSBC Ventures USA Inc. at 5.50% (floor) maturing December 1, 2029.
  evidence_excerpt: USA Inc., as lender, dated March 8, 2024, as amended (the “Loan and Security Agreement”), relating to a revolving credit facility in an aggregate principal amount not to exceed $5,000,000 (the “Revolver”) and a term loan facility in an aggregate principal amount not to exceed $5,000,000 (the “Term Loan” and collectively with the Revolver, the “Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/0001161697-26-000086-index.htm
- claim_id: acd7a9f46e8a3da277556ece68f63f252b1764dd
  claim: KORU Medical Systems, Inc. amended revolving credit of $5,000,000 with HSBC Ventures USA Inc. at 5.50% (floor) maturing March 30, 2028.
  evidence_excerpt: The Amendment extends the maturity of the $5,000,000 Revolver from December 31, 2026 to March 30, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/0001161697-26-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.