secwatch.observer — SEC 8-K summary
======================================

Issuer:     YUNHONG GREEN CTI LTD. (YHGJ)
CIK:        0001042187
Form:       8-K
Filed at:   2021-10-06T23:59:59+00:00
Accession:  0001437749-21-023354
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042187/000143774921023354/0001437749-21-023354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042187/000143774921023354/ctib20211005_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-023354

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