Art's-Way extends $500K revolver maturity to March 30, 2024

ARTS WAY MANUFACTURING CO INC

Amended $500,000 revolving line of credit with Bank Midwest; maturity extended from Nov 30, 2023 to March 30, 2024.
Outstanding principal on the line was $208,000 as of Nov 30, 2023.
Extension aligns maturity date with the company's $5,000,000 line of credit with same lender.
Amendment effective November 30, 2023; agreement filed as Exhibit 10.1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ARTS WAY MANUFACTURING CO INC amended the "Amendment" with Bank Midwest valued at $500,000 revolving line of credit (effective 2023-11-30).

Action: amendment
Agreement: credit facility
Counterparty: Bank Midwest
Value: $500,000 revolving line of credit
Effective: 2023-11-30

Exact text from the filing

On November 30, 2023, Art’s-Way Manufacturing, Co., Inc. (the “Company”) entered into an amendment (the “Amendment”) of its $500,000 revolving line of credit with Bank Midwest, dated August 30, 2023 (the “Line of Credit”), extending the maturity date from November 30, 2023 to March 30, 2024.

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Source: SEC EDGAR

accession 0001437749-23-033505

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