Flux Power Holdings, Inc. (FLUX): debt financing — Flux Power amends credit agreement with GBC, ups revolver to $16M

Flux Power Holdings, Inc.

Revolver commitment increased from $15M to $16M via Amendment No. 2, effective Jan 30, 2024.
Gibraltar Business Capital receives a $7,500 second amendment closing fee and a $10,000 amendment fee.
Eligible Accounts definition updated; concentration caps raised for 6 named debtors including PepsiCo and Crown Equipment.
EBITDA minimum covenant reset for each trailing three-month period through June 2025, starting at ($1.607M) in Jan 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Flux Power Holdings, Inc. amended credit facility of from $15 million to $16 million with Gibraltar Business Capital, LLC.

Instrument: credit facility
Principal: from $15 million to $16 million
Counterparty: Gibraltar Business Capital, LLC
Event: amendment

Exact text from the filing

oan and Security Agreement (the “Second Amendment”) with Gibraltar Business Capital, LLC (“GBC”), which amended certain terms of the Loan and Security Agreement

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Flux Power Holdings, Inc. amended Amendment No. 2 to Loan and Security Agreement with Gibraltar Business Capital, LLC (effective 2024-01-30).

Action: amendment
Agreement: credit facility
Counterparty: Gibraltar Business Capital, LLC
Effective: 2024-01-30

Exact text from the filing

On January 30, 2024, Flux Power Holdings, Inc. (the “Registrant”), Flux Power, Inc., a wholly-owned subsidiary of the Registrant (“Flux” and together with the Registrant, the “Company”), entered into a certain Amendment No. 2 to Loan and Security Agreement (the “Second Amendment”) with Gibraltar Business Capital, LLC (“GBC”), which amended certain terms of the Loan and Security Agreement dated July 28, 2023

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Flux Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-004610

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.