secwatch.observer — SEC 8-K summary
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Issuer:     NAPCO SECURITY TECHNOLOGIES, INC (NSSC)
CIK:        0000069633
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001558370-24-001041
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Napco Security amends credit agreement, extends term to 2029 and doubles revolver to $20M
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- Term of revolving credit facility extended from June 2024 to February 9, 2029.
- Revolving credit line increased from $11 million to $20 million.
- LIBOR benchmark replaced with SOFR benchmark rate under the amended agreement.
- Agreement with HSBC Bank USA, effective February 9, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/69633/000155837024001041/0001558370-24-001041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/69633/000155837024001041/nssc-20240209x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001041

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