Clearfield extends $40M credit line maturity to July 24, 2026

Clearfield, Inc.

Line of credit amount remains $40M; maturity extended from April 25, 2026 to July 24, 2026.
Interest rate set at floating (SOFR + 1.85% margin) with a 1.80% floor; initial floating rate 5.50%.
Amendment adds default events including material adverse change and cross-default to other agreements.
Borrower waived jury trial for any disputes under the loan agreement.
No defaults are continuing under the amended loan agreement per company representation.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Clearfield, Inc. amended Amendment No. 3 to Loan Agreement with Old National Bank, successor by merger to Bremer Bank, National Association (effective 2026-04-25).

Action: amendment
Agreement: credit facility
Counterparty: Old National Bank, successor by merger to Bremer Bank, National Association
Effective: 2026-04-25

Exact text from the filing

On April 25, 2026, Clearfield, Inc. (the “Company”) entered into an Amendment No. 3 to Loan Agreement (the “Amendment”) that amends its Loan Agreement dated April 27, 2022 (as amended, the “Agreement”) with Old National Bank, successor by merger to Bremer Bank, National Association.

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Clearfield, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-26-002887

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