secwatch.observer — SEC 8-K summary
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Issuer:     Canterbury Park Holding Corp (CPHC)
CIK:        0001672909
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001437749-24-002892
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canterbury Park extends credit facility to Jan 2027, reduces borrowing limit to $5M
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- Maturity of $5M revolving credit line extended from Jan 31, 2024 to Jan 31, 2027.
- Maximum borrowing reduced from $10M to $5M under the Seventh Amendment.
- Mortgage on certain real property released; replaced with Negative Pledge Agreement.
- Debt service coverage ratio revised to not less than 1.20:1.00 quarterly trailing 12 months.
- No principal outstanding on the existing note at the amendment date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1672909/000143774924002892/0001437749-24-002892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1672909/000143774924002892/cphc20240202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002892

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