---
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"
generated_at: "2026-06-21T02:54:22.974695+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kewaunee Scientific enters $15M secured revolving credit facility with Mid Cap Funding IV Trust

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-308399
- JSON: https://secwatch.observer/filing/0001193125-22-308399.json
- Plain text: https://secwatch.observer/filing/0001193125-22-308399.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $15.0 million
  - Counterparty: Mid Cap Funding IV Trust, as agent
  - Rate: Term SOFR plus 4.10%
  - Maturity: December 19, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Mid Cap Funding IV Trust, as agent (the “Agent”), and the lenders from time to time party thereto
  - Value: $15.0 million
  - Effective: 2022-12-19
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.