secwatch.observer — SEC 8-K summary
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Issuer:     Fatpipe Inc/UT (FATN)
CIK:        0001993400
Form:       8-K
Filed at:   2026-10-07T19:30:34+00:00
Accession:  0001493152-26-046120
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1993400/000149315226046120/0001493152-26-046120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1993400/000149315226046120/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046120

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