secwatch.observer — SEC 8-K summary
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Issuer:     MEDIFAST INC (MED)
CIK:        0000910329
Form:       8-K
Filed at:   2022-06-03T23:59:59+00:00
Accession:  0001628280-22-016117
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medifast ups revolving credit line to $225M, adds $100M accordion, switches to SOFR
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- First Amendment to Credit Agreement increased revolving commitments from $125M to $225M.
- Company can further increase total revolving commitments by up to an additional $100M.
- Interest rate benchmark changed from LIBOR to SOFR.
- Amendment executed May 31, 2022; original Credit Agreement dated April 13, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910329/000162828022016117/0001628280-22-016117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910329/000162828022016117/med-20220531.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-016117

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