{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-26-002498","form_type":"8-K","ticker":"FEIM","cik":"0000039020","company_name":"FREQUENCY ELECTRONICS INC","filed_at":"2026-06-12T20:35:35+00:00","discovered_at":"2026-06-12T20:37:00.477661+00:00","generated_at":"2026-06-12T20:54:41.519065+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Frequency Electronics enters $10M revolving credit facility with JPMorgan Chase","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-26-002498","json":"https://secwatch.observer/filing/0001185185-26-002498.json","markdown":"https://secwatch.observer/filing/0001185185-26-002498.md","text":"https://secwatch.observer/filing/0001185185-26-002498.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/0001185185-26-002498-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/feim8k061226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T20:54:41.519065+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"033777aaba9d24aeadb1001e88e386bea8cae259","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/0001185185-26-002498-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10,000,000"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Rate","value":"SOFR plus 2.50%"},{"label":"Maturity","value":"June 12, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7197524d8c4e5f4a56ffad7755a8cc6011855233","claim":"FREQUENCY ELECTRONICS INC entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at $10,000,000 (effective 2026-06-12).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/0001185185-26-002498-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$10,000,000"},{"label":"Effective","value":"2026-06-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}