{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-021275","form_type":"8-K","ticker":"GLGI","cik":"0001088413","company_name":"GREYSTONE LOGISTICS, INC.","filed_at":"2022-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.946577+00:00","generated_at":"2026-06-24T03:40:38.681346+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Greystone Logistics enters amended $7.85M term loan and $6M revolver with IBC","bullets":["Term loan of $7,854,707.54 consolidates existing debt, pays $3,271,986.98 to officer Robert Rosene, and funds $1,912,828.89 in iGPS equipment purchases.","New advancing term loan facility of up to $7,000,000; revolving line increased from $4M to $6M, maturing July 29, 2024.","Interest at higher of Prime rate plus 0.5% or 4.5% on both facilities; term loans amortize over 7 years through July 2027.","Covenants: debt service coverage ratio of 1.25:1, funded debt to EBIDA ratio of 3:1, dividends capped at $500,000/yr on preferred stock, capital expenditures limited to $2M/yr.","Limited guarantees: Kruger (32.4% of debt) and Rosene ($3.5M, reducing with principal payments); collateral on substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-021275","json":"https://secwatch.observer/filing/0001493152-22-021275.json","markdown":"https://secwatch.observer/filing/0001493152-22-021275.md","text":"https://secwatch.observer/filing/0001493152-22-021275.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1088413/000149315222021275/0001493152-22-021275-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1088413/000149315222021275/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T03:40:38.681346+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}