{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-308399","form_type":"8-K","ticker":"KEQU","cik":"0000055529","company_name":"KEWAUNEE SCIENTIFIC CORP /DE/","filed_at":"2022-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.242721+00:00","generated_at":"2026-06-21T02:54:22.974695+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Kewaunee Scientific enters $15M secured revolving credit facility with Mid Cap Funding IV Trust","bullets":["$15.0M initial revolving credit facility, expandable to $30.0M with lenders' consent.","Interest at Term SOFR + 4.10%; monthly interest payments; principal due at maturity Dec 19, 2025.","Facility secured by first priority lien on all assets; customary covenants limit debt, dividends, and investments.","Prepayment fee: 3% (yr 1), 2% (yr 2), 1% thereafter if terminated early."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-308399","json":"https://secwatch.observer/filing/0001193125-22-308399.json","markdown":"https://secwatch.observer/filing/0001193125-22-308399.md","text":"https://secwatch.observer/filing/0001193125-22-308399.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/d417614d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T02:54:22.974695+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":"81e84cf4c32d5f824d09172f50877612842aadc0","claim":"KEWAUNEE SCIENTIFIC CORP /DE/ incurred revolving credit of up to $15.0 million with Mid Cap Funding IV Trust, as agent at Term SOFR plus 4.10% maturing December 19, 2025.","evidence_excerpt":"On December 19, 2022, Kewaunee Scientific Corporation (the “Company”) entered into a Credit and Security Agreement (the “Credit Agreement”) with Mid Cap Funding IV Trust, as agent (the “Agent”), and the lenders from time to time party thereto (collectively, the “Lenders”). The Credit Agreement provides for a secured revolving line of credit initially of up to $15.0 million (the “Revolving Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $15.0 million"},{"label":"Counterparty","value":"Mid Cap Funding IV Trust, as agent"},{"label":"Rate","value":"Term SOFR plus 4.10%"},{"label":"Maturity","value":"December 19, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bc07164908bb642b3178837a2c68a7c05ebba584","claim":"KEWAUNEE SCIENTIFIC CORP /DE/ entered into Credit Agreement with Mid Cap Funding IV Trust, as agent (the “Agent”), and the lenders from time to time party thereto valued at $15.0 million (effective 2022-12-19).","evidence_excerpt":"On December 19, 2022, Kewaunee Scientific Corporation (the “Company”) entered into a Credit and Security Agreement (the “Credit Agreement”) with Mid Cap Funding IV Trust, as agent (the “Agent”), and the lenders from time to time party thereto (collectively, the “Lenders”). The Credit Agreement provides for a secured revolving line of credit initially of up to $15.0 million (the “Revolving Credit Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Mid Cap Funding IV Trust, as agent (the “Agent”), and the lenders from time to time party thereto"},{"label":"Value","value":"$15.0 million"},{"label":"Effective","value":"2022-12-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}