---
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"
generated_at: "2026-06-13T12:34:07.416491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Omega Flex enters $15M unsecured revolving credit facility with Santander Bank

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-023446
- JSON: https://secwatch.observer/filing/0001493152-23-023446.json
- Plain text: https://secwatch.observer/filing/0001493152-23-023446.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/0001493152-23-023446-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1317945/000149315223023446/0001493152-23-023446-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.