secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001437749-26-015207
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/0001437749-26-015207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774926015207/occ20260505_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-015207

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