secwatch.observer — SEC 8-K summary
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Issuer:     FREQUENCY ELECTRONICS INC (FEIM)
CIK:        0000039020
Form:       8-K
Filed at:   2026-06-12T20:35:35+00:00
Accession:  0001185185-26-002498
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Frequency Electronics enters $10M revolving credit facility with JPMorgan Chase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/0001185185-26-002498-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39020/000118518526002498/feim8k061226.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002498

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