---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001791"
form_type: "8-K"
ticker: "HBIO"
cik: "0001123494"
company_name: "HARVARD BIOSCIENCE INC"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:43:17.640563+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Harvard Bioscience receives $3.1M ERC cash in Q1, expects another $3.1M; amends credit EBITDA addbacks

## Summary
- Received $3.1M cash in Q1 2024 from employee retention credits (ERC); expects additional $3.1M in FY2024.
- Will incur ~$1M commission fee on ERC; credit agreement amended to exclude fee and $600K escheatment reserves from EBITDA cap.
- Third amendment to credit agreement allows add-backs beyond 10% EBITDA cap for those specific items, easing covenant compliance.
- No fees payable for amendment except reimbursable attorney costs.

## SEC filing metadata
- accession: 0001171843-24-001791
- form_type: 8-K
- ticker: HBIO
- cik: 0001123494
- company_name: HARVARD BIOSCIENCE INC
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1123494/000117184324001791/0001171843-24-001791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1123494/000117184324001791/f8k_040324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001791
- JSON: https://secwatch.observer/filing/0001171843-24-001791.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001791.txt

## Key facts
- Material Agreements
  HARVARD BIOSCIENCE INC amended Third Amendment with Citizens Bank, N.A. (effective 2024-03-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A.
  - Effective: 2024-03-28
  source text: On March 28, 2024, Harvard Bioscience, Inc. (the “Company”) entered into a third amendment (the “Third Amendment”) to the Credit Agreement (the “Credit Agreement”), dated as of December 22, 2020, among the Company, the lenders party thereto (the “Lenders”), and Citizens Bank, N.A., as the administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1123494/000117184324001791/0001171843-24-001791-index.htm

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