Optical Cable extends $18M revolving credit facility to July 2025; reduces servicing fee, raises capex limit

OPTICAL CABLE CORP

Extended maturity of $18M revolver from July 2023 to July 2025 under Modification Agreement with SLR Business Credit.
Availability Block reduced to $1.15M; Servicing Fee cut to 0.15% of avg daily balance (min $3M).
Aggregate annual capex limit increased to $1M per fiscal year (was previously lower).
Termination and facility fees restructured with tiered percentages over extended term.
Concentration percentages for eligible accounts raised for certain account debtors.

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