secwatch.observer — SEC 8-K summary
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Issuer:     KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)
CIK:        0000055529
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001193125-22-308399
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/0001193125-22-308399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55529/000119312522308399/d417614d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-308399

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