BK Tech subsidiary amends credit agreement: removes borrowing base, extends maturity, adds annual cleanup covenant

BK Technologies Corp

Revolving facility increased to up to $14M (from $6M) via accordion, subject to conditions.
Borrowing base requirement eliminated; facility becomes pure revolving commitment.
Maturity extended to October 30, 2028.
New covenant: outstanding balance must be $0 for at least 30 consecutive days each year.
Interest rate set to SOFR plus 1.75%–2.25% per annum, based on total debt coverage ratios.

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