secwatch.observer — SEC 8-K summary
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Issuer:     AVIAT NETWORKS, INC. (AVNW)
CIK:        0001377789
Form:       8-K
Filed at:   2023-11-29T23:59:59+00:00
Accession:  0001377789-23-000050
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aviat Networks amends credit facility to support NEC and NEC Malaysia acquisitions
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- Amendment adds NEC Malaysia Acquisition as permitted investment and extends NEC Acquisition deadline to Jan 5, 2024.
- Up to $2.8M of delayed draw term loan proceeds may be used for working capital if NEC Malaysia Acquisition is not consummated.
- Intercompany loans of up to $50M permitted to fund purchase price for both acquisitions.
- If NEC Acquisition not closed by Jan 5, 2024, outstanding delayed draw term loan must be prepaid immediately.
- Borrowing notice timing reduced from 11:00 a.m. to 1:00 p.m. and RFR notice period shortened to one business day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1377789/000137778923000050/0001377789-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1377789/000137778923000050/avnw-20231122.htm
  HTML page:      https://secwatch.observer/filing/0001377789-23-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer