CYANOTECH CORP (CYAN): debt financing — Cyanotech increases revolver to $4.6M, extends maturity to April 2027

CYANOTECH CORP

Fifth Amendment raises maximum borrowing from $4.0M to $4.6M; minimum draw lowered from $250K to $200K.
Revolver maturity extended from April 12, 2026 to April 12, 2027.
Amendment is with Skywords Family Foundation, controlled by Chairman and largest stockholder Michael Davis.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CYANOTECH CORP amended credit facility of $4,000,000 to $4,600,000 with Skywords Family Foundation, Inc. maturing April 12, 2027.

Instrument: credit facility
Principal: $4,000,000 to $4,600,000
Counterparty: Skywords Family Foundation, Inc.
Maturity: April 12, 2027
Event: amendment

Exact text from the filing

The Amendment increases the amount that the Company may borrow from time to time under the Note from $4,000,000 to $4,600,000 on a revolving basis (the "Revolver"), lowers the minimum draw amount from $250,000 to $200,000, and amends the maturity date of the Revolver from April 12, 2026 to April 12, 2027.

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Source: SEC EDGAR

accession 0001437749-25-028099

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