---
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"
generated_at: "2026-05-31T23:25:51.463947+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022133
- JSON: https://secwatch.observer/filing/0001437749-24-022133.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022133.txt

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