secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRIDGFORD FOODS CORP (BRID)
CIK:        0000014177
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001493152-23-043840
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridgford Foods extends $7.5M revolver through Nov 2024 via fifth credit amendment
--------------------------------------------------------------------------------

- Up to $7.5M available until November 30, 2024; interest rate at daily simple SOFR + 2.0% or prime rate.
- Unused commitment fee of 0.35% of available loan amount, payable quarterly.
- Financial covenants: total liabilities/tangible net worth ≤ 2.00, quick ratio ≥ 1.25, fixed charge coverage ratio ≥ 1.25.
- Replaces prior note that expired in August 2023; amounts may be repaid and reborrowed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/14177/000149315223043840/0001493152-23-043840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/14177/000149315223043840/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer