secwatch.observer — SEC 8-K summary
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Issuer:     JOINT Corp (JYNT)
CIK:        0001612630
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001171843-22-001641
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Joint Corp. expands senior secured revolver to $20M; uncommitted line to $30M
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- Revolver increased from $2M to $20M; letter of credit subfacility from $1M to $5M.
- Uncommitted additional line of credit raised to $30M (from $2.5M); $5.5M developmental line terminated.
- Maturity extended to February 28, 2027; interest at SOFR+0.10%+1.75% or ABR+1.00%.
- Proceeds intended for working capital, acquisitions, development, and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612630/000117184322001641/0001171843-22-001641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612630/000117184322001641/f8k_030422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-001641

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