{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-006338","form_type":"8-K","ticker":"FRD","cik":"0000039092","company_name":"FRIEDMAN INDUSTRIES INC","filed_at":"2022-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.282682+00:00","generated_at":"2026-06-26T22:58:01.616407+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Friedman Industries increases ABL facility from $40M to $75M, shifts to SOFR-based rate","bullets":["Asset-based revolver raised from $40M to $75M; accordion feature allows up to $10M additional increase.","Interest on Term SOFR borrowings: SOFR + 0.10% adjustment + 1.70% margin per annum.","Non-SOFR borrowings accrue at Prime Rate; transition from LIBOR to Term SOFR effective March 11, 2022.","Amendment cited recent market volatility and geopolitical uncertainty as precautionary reasons.","JPMorgan Chase Bank remains administrative agent; lenders party to A&R Credit Agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-006338","json":"https://secwatch.observer/filing/0001437749-22-006338.json","markdown":"https://secwatch.observer/filing/0001437749-22-006338.md","text":"https://secwatch.observer/filing/0001437749-22-006338.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39092/000143774922006338/0001437749-22-006338-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39092/000143774922006338/frd20220315_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T22:58:01.616407+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}