secwatch.observer — SEC 8-K summary
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Issuer:     IMMUCELL CORP /DE/ (ICCC)
CIK:        0000811641
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001213900-24-017522
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ImmuCell extends $1M line of credit to Sept 2025; banks waive debt service covenant
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- Amended $1M line of credit with Gorham Savings Bank, extending maturity to September 11, 2025.
- GSB and FAME waived the minimum debt service coverage ratio of 1.35 for the 12-month period ending June 30, 2024.
- Original line of credit was dated March 11, 2020; no other material terms changed.
- Allonge executed February 22, 2024; waiver approvals occurred February 21 (GSB) and February 26 (FAME).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811641/000121390024017522/0001213900-24-017522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811641/000121390024017522/ea0200796-8k_immucell.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-017522

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