debt
confidence high
sentiment positive
materiality 0.60
RF Industries amends credit agreement: extends maturity to 2029, lowers minimum balance and rate
R F INDUSTRIES LTD
- Revolving credit facility maturity extended to March 15, 2029 (from original 2024 agreement).
- Minimum outstanding principal on revolver reduced to $4.0 million.
- Interest rate decreased to adjusted term SOFR or base rate plus Applicable Margin via quarterly grid.
- Amendment covers borrowers: RF Industries, Cables Unlimited, Rel-Tech, C Enterprises, Schroff Technologies, Microlab/FXR.
- Company confirms no defaults; reaffirms security interests and liens in favor of lenders.