secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001185185-23-000645
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Food Holdings refinances with $9.06M USDA-guaranteed term loan maturing 2048
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- New term loan of $9,057,840 from MapleMark Bank; USDA guarantees 80%.
- Maturity extended from 2023 to June 13, 2048; interest at Base Rate+1.25% (floor 4.50%).
- Monthly principal+interest payments of $80,025.01, starting July 1, 2023.
- Existing FL/IL loan ($356,800) modified, maturity extended to 2033, rate 6.64%.
- Revolving credit facility increased to $3.0M and termination extended to May 27, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518523000645/0001185185-23-000645-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518523000645/innovfood20230620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000645

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