secwatch.observer — SEC 8-K summary
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Issuer:     BRIDGFORD FOODS CORP (BRID)
CIK:        0000014177
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001493152-23-031648
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14177/000149315223031648/0001493152-23-031648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14177/000149315223031648/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-031648

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