{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-046120","form_type":"8-K","ticker":"FATN","cik":"0001993400","company_name":"Fatpipe Inc/UT","filed_at":"2026-10-07T19:30:34+00:00","discovered_at":"2026-10-07T19:31:00.282199+00:00","generated_at":"2026-10-12T15:55:19.164389+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FatPipe enters $4.5M KeyBank term loan and $1.5M revolver, repays Fortis SBA loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-046120","json":"https://secwatch.observer/filing/0001493152-26-046120.json","markdown":"https://secwatch.observer/filing/0001493152-26-046120.md","text":"https://secwatch.observer/filing/0001493152-26-046120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1993400/000149315226046120/0001493152-26-046120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1993400/000149315226046120/form8-k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T15:55:19.164389+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}