{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-003146","form_type":"8-K","ticker":"AGX","cik":"0000100591","company_name":"ARGAN INC","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.443911+00:00","generated_at":"2026-06-18T08:09:27.272070+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Argan amends $50M credit facility to replace LIBOR with SOFR plus 1.6%","bullets":["Second Amendment to $50M credit facility with Bank of America effective March 6, 2023.","30-day LIBOR plus 1.6% replaced with SOFR plus 1.6% for Term SOFR and Daily Simple SOFR loans.","Adds SOFR successor rate provisions, including Daily Simple SOFR plus 0.10% adjustment.","Credit facility size unchanged at $50M; $11.1M was outstanding prior to amendment.","Conforming changes to base rate, interest periods, and illegality provisions added."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-003146","json":"https://secwatch.observer/filing/0001558370-23-003146.json","markdown":"https://secwatch.observer/filing/0001558370-23-003146.md","text":"https://secwatch.observer/filing/0001558370-23-003146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/100591/000155837023003146/0001558370-23-003146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/100591/000155837023003146/agx-20230306x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T08:09:27.272070+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":[{"claim_id":"456fe690aa948192be00db682de204f3a784c831","claim":"ARGAN INC amended Second Amendment with Bank of America, N.A. valued at $50 million (effective 2023-03-06).","evidence_excerpt":"On March 6, 2023, Argan, Inc. (the “Company”) and certain of its subsidiaries, entered into the Second Amendment (the “Second Amendment”) to the Amended and Restated Replacement Credit Agreement which provides for a $50 million credit commitment (the “Credit Facility”) with Bank of America, N.A., as the lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/100591/000155837023003146/0001558370-23-003146-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$50 million"},{"label":"Effective","value":"2023-03-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}