---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-071183"
form_type: "8-K"
ticker: "SIEB"
cik: "0000065596"
company_name: "SIEBERT FINANCIAL CORP"
filed_at: "2024-08-20T23:59:59+00:00"
generated_at: "2026-05-31T08:35:25.735197+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Siebert Financial enters $20M revolving credit facility with East West Bank

## Summary
- Revolver cap of $20M with initial two‑year term; interest rate at SOFR + 3.15% (floor 7.50%).
- Proceeds allowed for acquisitions, stock buybacks, and up to $10M for general corporate purposes.
- Personal guarantees from CEO John J. Gebbia, Director Gloria E. Gebbia, and their trust.
- Covenants include minimum debt service coverage ratio of 1.35:1 and minimum net capital of $43M.
- Origination fee 0.50% of the $20M revolver cap; Bank may debit fees from advance or deposit account.

## SEC filing metadata
- accession: 0001213900-24-071183
- form_type: 8-K
- ticker: SIEB
- cik: 0000065596
- company_name: SIEBERT FINANCIAL CORP
- filed_at: 2024-08-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65596/000121390024071183/0001213900-24-071183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65596/000121390024071183/ea0211950-8k_siebert.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-071183
- JSON: https://secwatch.observer/filing/0001213900-24-071183.json
- Plain text: https://secwatch.observer/filing/0001213900-24-071183.txt

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