Bridgford Foods extends Wells Fargo credit line to Nov 30, 2023, negotiating reduced limit to $7.5M

BRIDGFORD FOODS CORP

Signed 90-day extension on $15M revolving credit facility with Wells Fargo; new maturity date Nov 30, 2023.
Interest rate equals prime or SOFR plus 2.0%; unused commitment fee of 0.25% of available amount.
Company in discussions to amend line: decrease availability to $7.5M and extend maturity to Aug 31, 2024; no assurances given.
Previously disclosed in Form 10-Q for quarter ended July 7, 2023, that such amendment was being discussed.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.