---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-017791"
form_type: "8-K"
ticker: "KRT"
cik: "0001758021"
company_name: "Karat Packaging Inc."
filed_at: "2022-06-22T23:59:59+00:00"
generated_at: "2026-06-25T00:03:33.263444+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Karat Packaging subsidiary enters $28.7M term loan at 4.375% with East West Bank

## Summary
- Global Wells, a consolidated VIE of Karat, borrowed $28.7M (initial $20.7M, up to $8M additional) at 4.375% fixed.
- Loan matures July 1, 2027; proceeds used to pay down existing term loan and for general corporate purposes.
- Option to request additional advances up to $8M through June 30, 2023.

## SEC filing metadata
- accession: 0001628280-22-017791
- form_type: 8-K
- ticker: KRT
- cik: 0001758021
- company_name: Karat Packaging Inc.
- filed_at: 2022-06-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758021/000162828022017791/0001628280-22-017791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758021/000162828022017791/krt-20220615.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-017791
- JSON: https://secwatch.observer/filing/0001628280-22-017791.json
- Plain text: https://secwatch.observer/filing/0001628280-22-017791.txt

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