FREQUENCY ELECTRONICS INC (FEIM): debt financing — Frequency Electronics enters $10M revolving credit facility with JPMorgan Chase

FREQUENCY ELECTRONICS INC

Three-year $10M revolving credit facility with JPMorgan Chase, maturing June 12, 2029.
Up to $5M available for letters of credit; optional increase up to $10M additional.
Loans priced at CB Floating Rate (Prime Rate or 2.5% floor) + 2.5% or SOFR + 2.5%.
Covenants: total leverage ratio ≤2.25:1, fixed charge coverage ratio ≥1.25:1.
Facility secured by all assets of Frequency and subsidiary FEI-Zyfer; proceeds for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FREQUENCY ELECTRONICS INC incurred revolving credit of $10,000,000 with JPMorgan Chase Bank, N.A. at SOFR plus 2.50% maturing June 12, 2029.

Instrument: revolving credit
Principal: $10,000,000
Counterparty: JPMorgan Chase Bank, N.A.
Rate: SOFR plus 2.50%
Maturity: June 12, 2029
Event: incurrence

Exact text from the filing

revolving credit facility with JPMorgan Chase Bank, N.A., as the lender (the “Credit Agreement”). The Credit Agreement provides for a three-year revolving credit facility of $10,000,000, of which up to $5,000,000 is available for the issuance of letters of credit. The Credit Agreement provides that the Company may, at its option, increase the aggregate amount of

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

FREQUENCY ELECTRONICS INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $10,000,000 (effective 2026-06-12).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $10,000,000
Effective: 2026-06-12

Exact text from the filing

On June 12, 2026, Frequency Electronics, Inc. (the “Company”) entered into a senior, secured revolving credit facility with JPMorgan Chase Bank, N.A., as the lender (the “Credit Agreement”).

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Source: SEC EDGAR

accession 0001185185-26-002498

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