{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-023446","form_type":"8-K","ticker":"OFLX","cik":"0001317945","company_name":"Omega Flex, Inc.","filed_at":"2023-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.548483+00:00","generated_at":"2026-06-13T12:34:07.416491+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Omega Flex enters $15M unsecured revolving credit facility with Santander Bank","bullets":["$15M revolving credit line, unsecured, matures June 1, 2028.","Interest rate: Term SOFR + 0.75%-1.75% or Prime rate + up to 0.50%, based on leverage.","Includes $1M letter of credit sublimit; no borrowings outstanding at signing.","Unused fee of 10 bps per quarter; annual commitment fee of $5,000.","Facility amends and restates prior credit agreements; proceeds for working capital and corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-023446","json":"https://secwatch.observer/filing/0001493152-23-023446.json","markdown":"https://secwatch.observer/filing/0001493152-23-023446.md","text":"https://secwatch.observer/filing/0001493152-23-023446.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/0001493152-23-023446-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T12:34:07.416491+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":[{"claim_id":"2b72d1ad2bc952c7500b9040e902cf8890c50c9f","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/0001493152-23-023446-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$15,000,000"},{"label":"Counterparty","value":"Santander Bank, N.A."},{"label":"Rate","value":"Term SOFR Reference Rate plus 0.75% to plus 1.75%, or Prime Rate plus up to 0.50"},{"label":"Maturity","value":"June 1, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"90b5099bef65ec6836781a222a33a9473e4c37b7","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/0001493152-23-023446-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Santander Bank, N.A."},{"label":"Value","value":"$15,000,000"},{"label":"Effective","value":"2023-07-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}