secwatch.observer — SEC 8-K summary
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Issuer:     R F INDUSTRIES LTD (RFIL)
CIK:        0000740664
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001437749-24-006325
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/740664/000143774924006325/0001437749-24-006325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/740664/000143774924006325/rfil20240301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-006325

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