---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-017015"
form_type: "8-K"
ticker: "HURC"
cik: "0000315374"
company_name: "HURCO COMPANIES INC"
filed_at: "2021-12-23T23:59:59+00:00"
generated_at: "2026-06-27T22:44:13.694130+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hurco extends credit facility maturity to Dec 2023, switches to SOFR from LIBOR

## Summary
- Third Amendment to Credit Agreement with Bank of America extends maturity from Dec 2021 to Dec 2023.
- Replaced LIBOR with SOFR for USD loans; SONIA for GBP; EURIBOR for EUR loans; interest premium at 1.00%.
- Minimum tangible net worth covenant increased from $170M to approximately $176.5M.
- Eliminated the springing liquidity covenant from the credit agreement.
- Loan parties reaffirm obligations; successor benchmark rate procedures added.

## SEC filing metadata
- accession: 0001558370-21-017015
- form_type: 8-K
- ticker: HURC
- cik: 0000315374
- company_name: HURCO COMPANIES INC
- filed_at: 2021-12-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315374/000155837021017015/0001558370-21-017015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315374/000155837021017015/hurc-20211217x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-017015
- JSON: https://secwatch.observer/filing/0001558370-21-017015.json
- Plain text: https://secwatch.observer/filing/0001558370-21-017015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.