{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-22-024770","form_type":"8-K","ticker":"CULP","cik":"0000723603","company_name":"CULP INC","filed_at":"2022-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.479641+00:00","generated_at":"2026-06-24T22:29:50.094254+00:00","sec_items":["1.01","2.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"medium","headline":"Culp enters $40M credit facility; extends maturity to June 2025; reports Q4 earnings","bullets":["Revolving credit facility increased to $40M from $30M; secured by assets; matures June 2025.","SOFR-based pricing with initial margin 1.35% (range 1.35%-2.50%) depending on debt/EBITDA.","Financial covenants: min tangible net worth $100M+50% net income; EBITDA/interest ≥3.0, waived first 3 quarters FY2023 with min $15M liquidity.","Press release for Q4 and FY2022 results furnished; specific financial figures not included in available filing text."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-22-024770","json":"https://secwatch.observer/filing/0001564590-22-024770.json","markdown":"https://secwatch.observer/filing/0001564590-22-024770.md","text":"https://secwatch.observer/filing/0001564590-22-024770.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/723603/000156459022024770/0001564590-22-024770-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/723603/000156459022024770/culp-8k_20220629.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-24T22:29:50.094254+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}