NTIC extends revolver maturity to Jan 2023, shifts interest to BSBY+250bps, facility reduces to $3M in Feb 2022

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

Extended maturity of $5M revolving credit facility to January 7, 2023.
Interest rate changed to Daily BSBY plus 250 basis points (2.50%).
Effective February 23, 2022, maximum borrowing reduces from $5M to $3M.
All other material terms of the line of credit remain unchanged.

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