secwatch.observer — SEC 8-K summary
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Issuer:     Fuse Medical, Inc. (FZMD)
CIK:        0000319016
Form:       8-K
Filed at:   2021-12-20T23:59:59+00:00
Accession:  0001564590-21-060716
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Medical enters $5M secured revolving credit facility with CNH Finance, matures 2025
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- $5M revolving credit facility, maturity January 1, 2025; subject to borrowing base.
- Interest at Prime Rate plus 1.75%; secured by substantially all personal property.
- Proceeds used to repay Amegy Bank and SBA loans; remaining for working capital.
- Covenants: current ratio ≥1.0, fixed charge coverage ≥1.0, loan turnover ≤60 days, minimum liquidity $175k.
- Customary affirmative/negative covenants and events of default included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319016/000156459021060716/0001564590-21-060716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319016/000156459021060716/fzmd-8k_20211214.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-060716

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