secwatch.observer — SEC 8-K summary
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Issuer:     PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK:        0000891532
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0001493152-22-008998
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Perma-Fix amends PNC credit agreement; waives Q4 2021 covenant breach, eases FCCR testing
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- Waived Q4 2021 fixed charge coverage ratio (FCCR) covenant breach; removes FCCR testing for Q1 2022.
- Reinstates FCCR testing from Q2 2022 with revised methodology; minimum 1.15:1 ratio unchanged.
- Requires minimum $3M borrowing availability under revolver until Q2 2022 FCCR compliance is certified.
- Facility fee rate on revolver increased from 0.375% to 0.500%; reverts to 0.375% upon FCCR compliance.
- Company paid a $15,000 fee in connection with the amendment; other terms of loan agreement unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891532/000149315222008998/0001493152-22-008998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891532/000149315222008998/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-008998

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