secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2022-01-07T23:59:59+00:00
Accession:  0001171843-22-000160
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184322000160/0001171843-22-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184322000160/f8k_010722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-000160

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