---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-22-000739"
form_type: "8-K"
ticker: "IVFH"
cik: "0000312257"
company_name: "INNOVATIVE FOOD HOLDINGS INC"
filed_at: "2022-06-14T23:59:59+00:00"
generated_at: "2026-06-25T02:08:11.924133+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Innovative Food Holdings refinances with $12.47M in new loans from MapleMark Bank, repays Fifth Third Bank

## Summary
- Term loan of $10.46M with MapleMark; initial tranche of $5.70M used to repay Fifth Third loans.
- Revolving credit facility of $2.01M from MapleMark, replaces existing asset-based revolver with Fifth Third.
- Term loan matures Nov 28, 2022; may extend to June 6, 2052 if USDA guarantee obtained.
- Debt service reserve of $2.31M from second tranche; unused after June 1, 2024 applied to indebtedness.
- Loans bear interest at WSJ Prime + 1.25% (floor 4.50%); fixed charge coverage ratio ≥ 1.25x.

## SEC filing metadata
- accession: 0001185185-22-000739
- form_type: 8-K
- ticker: IVFH
- cik: 0000312257
- company_name: INNOVATIVE FOOD HOLDINGS INC
- filed_at: 2022-06-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/312257/000118518522000739/0001185185-22-000739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/312257/000118518522000739/innovfood20220613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-22-000739
- JSON: https://secwatch.observer/filing/0001185185-22-000739.json
- Plain text: https://secwatch.observer/filing/0001185185-22-000739.txt

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