secwatch.observer — SEC 8-K summary
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Issuer:     Andersen Group Inc. (ANDG)
CIK:        0002065708
Form:       8-K
Filed at:   2026-06-29T21:13:17+00:00
Accession:  0001193125-26-288725
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Andersen Group subsidiary enters $50M asset-based revolver with JPMorgan, 3-year maturity
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- $50M revolving credit facility; borrowing base up to 85% of eligible time & materials receivables under 120 days.
- Matures 3 years from June 25, 2026; interest at Term SOFR plus 175bps; unused line fee 25bps.
- Sublimit of $5M for letters of credit; one LC of ~$1.3M issued.
- Guaranteed by Andersen Group Inc. and other Loan Parties; secured by first lien on all assets of Loan Parties.
- Springing minimum 1.00x fixed charge coverage ratio triggered if availability <25% of line cap (floor $6M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2065708/000119312526288725/0001193125-26-288725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2065708/000119312526288725/d31545d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-288725

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