{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-030223","form_type":"8-K","ticker":"OCC","cik":"0001000230","company_name":"OPTICAL CABLE CORP","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.763997+00:00","generated_at":"2026-06-08T21:49:02.333219+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Optical Cable amends loan with Northeast Bank; extends Virginia loan maturity, sets 8.5% interest floor","bullets":["Payoff of North Carolina real estate loan; Virginia loan principal reduced to ~$2,675,244.","Maturity extended to May 5, 2026, with monthly payments based on 240-month amortization.","Interest rate set at Prime Rate with 8.50% floor, adjusted monthly; calculated on 360-day year.","Prepayment penalty equals 24 months of minimum interest on outstanding balance as of Oct 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-030223","json":"https://secwatch.observer/filing/0001437749-23-030223.json","markdown":"https://secwatch.observer/filing/0001437749-23-030223.md","text":"https://secwatch.observer/filing/0001437749-23-030223.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000230/000143774923030223/0001437749-23-030223-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000230/000143774923030223/occ20231103_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:49:02.333219+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":"d49023d4d3caa21a872111a64ae5c30970e27a9e","claim":"OPTICAL CABLE CORP amended Omnibus Amendment of Loan Documents with Northeast Bank valued at approximately $2,675,244 (effective 2023-10-31).","evidence_excerpt":"On October 31, 2023, Optical Cable Corporation (the “Company”) and Northeast Bank, a banking corporation organized under the laws of Maine (the “Lender”) entered into an Omnibus Amendment of Loan Documents (the “Amendment”) to modify certain loan documents currently in effect between the parties related to the real estate term loan (the “Virginia Real Estate Loan”) evidenced by the Term Loan B Note (“Note B), and a supplemental real estate term loan (the “North Carolina Real Estate Loan”) evidenced by the Term Loan A Note (“Note A”), with the Virginia Real Estate Loan and the North Carolina Real Estate Loan, together, referred to as the “Loans”.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000230/000143774923030223/0001437749-23-030223-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Northeast Bank"},{"label":"Value","value":"approximately $2,675,244"},{"label":"Effective","value":"2023-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}