---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-015207"
form_type: "8-K"
ticker: "OCC"
cik: "0001000230"
company_name: "OPTICAL CABLE CORP"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:25:53.626261+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Optical Cable refinances $2.65M loan with Freedom First at 6.5% fixed for 5 years, matures 2036

## Summary
- New $2.65M loan from Freedom First Federal Credit Union, maturing May 1, 2036.
- Fixed 6.5% for first 5 years; then variable (5yr Treasury + 2.5% margin), floor 4.5%.
- Proceeds used to pay off existing Northeast Bank loan (8.5% floor, due May 5, 2026).
- Secured by deed of trust on Roanoke, VA property and assignment of rents.
- Note includes confession of judgment provision allowing lender judgment without notice.

## SEC filing metadata
- accession: 0001437749-26-015207
- form_type: 8-K
- ticker: OCC
- cik: 0001000230
- company_name: OPTICAL CABLE CORP
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/0001437749-26-015207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/occ20260505_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-015207
- JSON: https://secwatch.observer/filing/0001437749-26-015207.json
- Plain text: https://secwatch.observer/filing/0001437749-26-015207.txt

## Source-grounded claims
- claim_id: 7290e90c29977037bdcdaaebb38635b62afcaa43
  claim: OPTICAL CABLE CORP entered into Promissory Note with Freedom First Federal Credit Union valued at $2,650,000.00 (effective 2026-04-30).
  evidence_excerpt: the Company also executed a Promissory Note dated April 30, 2026, in the original principal amount of $2,650,000.00 in favor of Freedom First
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/0001437749-26-015207-index.htm
- claim_id: dde2f7ff51a619fbcee9c1bce8cfb9d3c0fc5839
  claim: OPTICAL CABLE CORP entered into Business Loan Agreement with Freedom First Federal Credit Union valued at $2,650,000.00 (effective 2026-04-30).
  evidence_excerpt: On April 30, 2026, Optical Cable Corporation, a Virginia corporation (the “ Company ”), entered into a Business Loan Agreement (the “ Loan Agreement ”) with Freedom First Federal Credit Union
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/0001437749-26-015207-index.htm
- claim_id: e395523e6e1c3675139209783df5460ff36c2227
  claim: OPTICAL CABLE CORP terminated Virginia Real Estate Loan with Northeast Bank with Northeast Bank (effective 2026-04-30).
  evidence_excerpt: Coinciding with the Company entering the Loan Agreement with Freedom First, the Company paid the full outstanding balance of the Company’s existing Virginia Real Estate Loan with Northeast Bank, which had a maturity date of May 5, 2026, and had an interest rate equal to the Prime Rate, adjusted monthly, provided, however, that the interest rate would never be less than 8.5% per annum.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/0001437749-26-015207-index.htm

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