secwatch.observer — SEC 8-K summary
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Issuer:     Karat Packaging Inc. (KRT)
CIK:        0001758021
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001628280-23-023159
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Karat Packaging increases standby LC sublimit to $5M under existing Hanmi Bank line
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- Amendment dated June 20, 2023 raises standby letter of credit sublimit to $5M.
- Existing $40M line of credit remains unchanged; secured by company assets.
- No commitment fee on undrawn portion; interest payable monthly.
- Agreement is with Lollicup USA Inc. as borrower; Hanmi Bank as lender.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023023159/0001628280-23-023159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758021/000162828023023159/krt-20230620.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-023159

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