Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Omega Flex, Inc. amended revolving credit of $15,000,000 with Santander Bank, N.A. at Term SOFR Reference Rate plus 0.75% to plus 1.75%, or Prime Rate plus up to 0.50 maturing June 1, 2028.
- Instrument
- revolving credit
- Principal
- $15,000,000
- Counterparty
- Santander Bank, N.A.
- Rate
- Term SOFR Reference Rate plus 0.75% to plus 1.75%, or Prime Rate plus up to 0.50
- Maturity
- June 1, 2028
- Event
- amendment
Exact text from the filing
Committed Revolving Line of Credit Note to the Bank (both documents together, the “Facility”). The Facility is an unsecured revolving credit facility in the maximum amount of $15,000,000, with a $1,000,000 letter of credit sublimit, expiring June 1, 2028, with funds available for working capital and other corporate purposes. The interest rate payable on any
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Omega Flex, Inc. amended Amended and Restated Loan Agreement and Second Amended and Restated Committed Revolving Line of Credit Note (together, the “Facility”) with Santander Bank, N.A. valued at $15,000,000 (effective 2023-07-03).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Santander Bank, N.A.
- Value
- $15,000,000
- Effective
- 2023-07-03
Exact text from the filing
On July 3, 2023, Omega Flex, Inc. (the “Company”), as borrower, entered into an Amended and Restated Loan Agreement with Santander Bank, N.A. (the “Bank”), and a Second Amended and Restated Committed Revolving Line of Credit Note to the Bank (both documents together, the “Facility”).
View on SEC.gov