{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022133","form_type":"8-K","ticker":"OCC","cik":"0001000230","company_name":"OPTICAL CABLE CORP","filed_at":"2024-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.823315+00:00","generated_at":"2026-05-31T23:25:51.463947+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Optical Cable extends $18M revolver to July 2027, ups inventory advance cap","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022133","json":"https://secwatch.observer/filing/0001437749-24-022133.json","markdown":"https://secwatch.observer/filing/0001437749-24-022133.md","text":"https://secwatch.observer/filing/0001437749-24-022133.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000230/000143774924022133/0001437749-24-022133-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000230/000143774924022133/occ20240702_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:25:51.463947+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}