secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2022-06-22T23:59:59+00:00
Accession:  0001628280-22-017791
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022017791/0001628280-22-017791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828022017791/krt-20220615.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-017791

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