secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001437749-22-004964
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RF Industries closes $24.25M Microlab acquisition, funded by $17M term loan and cash
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- Completed purchase of Microlab (RF components business of Wireless Telecom Group) for $24.25M in cash; funded via $17M term loan and cash on hand.
- Microlab had unaudited revenue of $16M and adjusted EBITDA of $3.7M for twelve months ended Sep 30, 2021.
- Acquisition expected to be immediately accretive to stand-alone financials; largest acquisition in RFIL history.
- Entered $3M revolver (due 2024) and $17M term loan (due 2027) with Bank of America; term loan bears 3.76% fixed rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774922004964/0001437749-22-004964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774922004964/rfil20220301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-004964

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