FatPipe enters $4.5M KeyBank term loan and $1.5M revolver, repays Fortis SBA loan

Fatpipe Inc/UT

FatPipe entered a $4.5M secured term loan and $1.5M revolving line of credit with KeyBank National Association on Oct. 1, 2026.
About $4.47M of Term Loan proceeds repaid in full its Fortis Bank SBA loan, which bore Prime +1.00%; new facilities bear Adjusted Daily SOFR +3.00%.
FatPipe expects ~110 bps annual borrowing-rate reduction; Term Loan matures Oct. 1, 2029, with 35 monthly principal payments of $75,000 starting Nov. 1, 2026.
Revolving Facility matures Sept. 30, 2027; origination fees are $22,500 for the Term Loan and $7,500 for the Revolving Facility.
Loan Documents require Total Funded Debt/EBITDA <=2.50:1.00 and Fixed Charge Coverage Ratio >=1.20:1.00, secured by substantially all personal property including IP.

item 1.01 item 1.02 item 2.03 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4.1-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.