{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-006983","form_type":"8-K","ticker":"IIIN","cik":"0000764401","company_name":"INSTEEL INDUSTRIES INC","filed_at":"2023-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.044839+00:00","generated_at":"2026-06-17T23:57:27.292988+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Insteel extends $100M revolver maturity to 2028, switches to SOFR","bullets":["Extended $100M revolving credit facility maturity from May 15, 2024 to March 15, 2028.","Replaced LIBOR with SOFR as benchmark rate; SOFR loans include 0.10% credit adjustment spread.","Released Intercontinental Metals Corp. as guarantor; it is now an immaterial subsidiary.","No borrowings outstanding as of March 15, 2023; interest rate margins unchanged (0.25% base, 1.25% SOFR).","Paid $150,000 amendment fee to Wells Fargo."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-006983","json":"https://secwatch.observer/filing/0001437749-23-006983.json","markdown":"https://secwatch.observer/filing/0001437749-23-006983.md","text":"https://secwatch.observer/filing/0001437749-23-006983.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764401/000143774923006983/0001437749-23-006983-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764401/000143774923006983/iiin20230316_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T23:57:27.292988+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":[{"claim_id":"8abfd5b6290ad67512efc559ab3be7ec031f35ae","claim":"INSTEEL INDUSTRIES INC amended revolving credit of $100.0 million with Wells Fargo Bank, N.A. at applicable interest rate margins were 0.25% for base rate loans and 1.25% for SO maturing March 15, 2028.","evidence_excerpt":"The First Amendment extends the maturity date of the Company's $100.0 million revolving credit facility formerly provided by that certain Third Amended and Restated Credit Agreement, dated as of May 15, 2019, from May 15, 2024 to March 15, 2028 and replaces the London Inter-Bank Offered Rate (\"LIBOR\") with the secured overnight financing rate (\"SOFR\") as the benchmark interest rate available for borrowings.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/764401/000143774923006983/0001437749-23-006983-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$100.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Rate","value":"applicable interest rate margins were 0.25% for base rate loans and 1.25% for SO"},{"label":"Maturity","value":"March 15, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"48d6f66e7a90e2488ecf55b983ce826a98c32a1e","claim":"INSTEEL INDUSTRIES INC amended First Amendment to Third Amended and Restated Credit Agreement with Wells Fargo Bank, N.A. valued at $100 million revolving credit facility; interest rate margins: 0.25% base rate, 1.25% SOFR-based; SO (effective 2023-03-15).","evidence_excerpt":"On March 15, 2023, Insteel Industries, Inc. (the \"Company\") and its wholly-owned subsidiary, Insteel Wire Products Company (\"IWP\"), entered into the First Amendment (the \"First Amendment\") to Third Amended and Restated Credit Agreement, among IWP, as borrower, the Company, as credit party and guarantor, and Wells Fargo Bank, N.A. (\"WF\"), as agent and lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764401/000143774923006983/0001437749-23-006983-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, N.A."},{"label":"Value","value":"$100 million revolving credit facility; interest rate margins: 0.25% base rate, 1.25% SOFR-based; SO"},{"label":"Effective","value":"2023-03-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}