---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-24-000075"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:18:13.353839+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kimball Electronics enters $100M term loan facility, amends credit agreement

## Summary
- Entered $100M term loan facility under amended credit agreement; term loan matures Dec 20, 2029, with quarterly repayments starting Mar 31, 2025.
- Existing $300M revolving credit commitment unchanged, maturity May 4, 2027; option to increase by $150M to $450M.
- Proceeds used to refinance existing debt and pay off $100M secondary facility; $100M drawn at closing.
- Subsidiary changes: KEI merged into Averna, KET to be dissolved, new KEJ entity formed and joined as loan party.
- Financial covenants unchanged: max leverage 3.0x (3.5x post-acquisition), min interest coverage 3.5x.

## SEC filing metadata
- accession: 0001606757-24-000075
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000075/0001606757-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000075/ke-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-24-000075
- JSON: https://secwatch.observer/filing/0001606757-24-000075.json
- Plain text: https://secwatch.observer/filing/0001606757-24-000075.txt

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