secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001171843-26-002887
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184326002887/0001171843-26-002887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184326002887/f8k_043026.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-002887

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