---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-006325"
form_type: "8-K"
ticker: "RFIL"
cik: "0000740664"
company_name: "R F INDUSTRIES LTD"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:51:24.815096+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RF Industries defers $1M loan payment to April 1, cuts fee under Bank of America amendment

## Summary
- $1.0M principal payment on Term Loan moved from March 1 to April 1, 2024 (Amendment No. 3).
- Additional fee reduced to 0.50% of outstanding balances on March 2 (from 1.0% per prior amendment).
- If loan not repaid in full by April 2, a further 0.50% fee on outstanding balances as of March 1 is due.
- Company must maintain $2.0M liquidity and repay remaining $500K revolver balance by March 1, 2024.
- Outstanding Term Loan principal was $12.354M at amendment date (Revolver balance $0.5M).

## SEC filing metadata
- accession: 0001437749-24-006325
- form_type: 8-K
- ticker: RFIL
- cik: 0000740664
- company_name: R F INDUSTRIES LTD
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740664/000143774924006325/0001437749-24-006325-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740664/000143774924006325/rfil20240301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-006325
- JSON: https://secwatch.observer/filing/0001437749-24-006325.json
- Plain text: https://secwatch.observer/filing/0001437749-24-006325.txt

## Key facts
- Material Agreements
  R F INDUSTRIES LTD entered into Amendment No. 3 to Loan Agreement with Bank of America, N.A. valued at Defers additional principal payment of $1.0 million from March 1, 2024 to April 1, 2024; reduces add (effective 2024-02-29).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: Defers additional principal payment of $1.0 million from March 1, 2024 to April 1, 2024; reduces add
  - Effective: 2024-02-29
  source text: On February 29, 2024, RF Industries, Ltd., a Nevada corporation (the “Company”) entered into Amendment No. 3 to Loan Agreement (“Loan Amendment No. 3”), effective as of February 29, 2024, with Bank of America, N.A. (the “Bank”), amending that certain Loan Agreement, dated as of February 25, 2022, between the Company and the Bank (as amended, the “Loan Agreement”), under which the Bank provided the Company with a $17 million term loan (the “Term Loan”) and a $3 million revolving credit facility (the “Revolving Credit Facility” and together with the Term Loan, the “Credit Facility”). Loan Amendment No. 3, among other matters, defers the requirement that the Company make an additional principal payment of $1.0 million on the Term Loan, from March 1, 2024, as was required under Amendment No. 2 to the Loan Agreement, entered into between the Company and the Bank on January 26, 2024 (“Loan Amendment No. 2”), to April 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/740664/000143774924006325/0001437749-24-006325-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.