Optical Cable extends $18M revolver to July 2027, ups inventory advance cap

OPTICAL CABLE CORP

Modification Agreement extends $18M revolving credit facility from July 24, 2025 to July 24, 2027 (Initial Term).
Eligible Inventory advance maximum increased to $7M; 85% advance rate on receivables maintained.
Facility fee of 1% per contract year on Benchmark Advance Amount plus $10K incremental fees.
Termination fee scaled from 2% down to 0.5% depending on timing; reduced to 1%/0.5% if acquired.
Principal balance outstanding as of July 2, 2024: approximately $7.84 million.

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