secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001213900-25-021831
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KRT amends credit line: reduces facility to $20M, extends maturity to 2027, rate SOFR+2.25%
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- Line of credit maximum reduced from $40M to $20M.
- Maturity extended to March 14, 2027 (from prior date).
- Interest rate changed to one-month SOFR plus 2.25%, with a 1.00% SOFR floor.
- Facility secured by Company's assets; borrower is Lollicup USA Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000121390025021831/0001213900-25-021831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000121390025021831/ea0233664-8k_karat.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-021831

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