debt
confidence high
sentiment neutral
materiality 0.25
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.
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