secwatch.observer — SEC 8-K summary
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Issuer:     KORU Medical Systems, Inc. (KRMD)
CIK:        0000704440
Form:       8-K
Filed at:   2026-04-03T23:59:59+00:00
Accession:  0001161697-26-000086
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 amends HSBC credit facility, extends maturities and lowers rate floor
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/0001161697-26-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704440/000116169726000086/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001161697-26-000086

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