Yunhong CTI enters new $6M credit facility with Line Financial, replacing prior facility

YUNHONG GREEN CTI LTD.

Revolver up to $6M and term loan $731,250 from Line Financial, secured by substantially all assets.
Interest at WSJ prime + 1.95%; term loan payable in 48 monthly installments of $15,234.38.
Facility matures Sept 30, 2023, auto-renewable annually unless 90-day notice given.
Minimum tangible net worth covenant of $4M effective Dec 31, 2021.
Proceeds repay prior facility (maturing Dec 31, 2021) and fund working capital; fewer restrictive covenants.

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