---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042496"
form_type: "8-K"
ticker: null
cik: "0000874292"
company_name: "ADDVANTAGE TECHNOLOGIES GROUP INC"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T09:37:22.903919+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# ADDvantage Technologies extends AR purchase facilities with Vast Bank to April 2024

## Summary
- Nave facility extended to Apr 17, 2024; credit capacity of $5.0M with 2.45% fee on sold receivables.
- Triton facility extended to same date; capacity $1.0M with 1.95% fee on sold receivables.
- Fulton facilities: $5.0M (excl. major customer) at 2.0% fee; $0.5M secured by major customer at 1.6% fee.
- All four facilities: Vast advances 90% of sold receivables, holds 10% reserve increasing to 100% after 120 days.

## SEC filing metadata
- accession: 0001628280-23-042496
- form_type: 8-K
- cik: 0000874292
- company_name: ADDVANTAGE TECHNOLOGIES GROUP INC
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/aey-20231217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042496
- JSON: https://secwatch.observer/filing/0001628280-23-042496.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042496.txt

## Key facts
- Debt Financings
  ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of $5.0 million and $1.0 million with Vast Bank, N.A. at 2.45% to Nave and 1.95% to Triton.
  - Instrument: credit facility
  - Principal: $5.0 million and $1.0 million
  - Counterparty: Vast Bank, N.A.
  - Rate: 2.45% to Nave and 1.95% to Triton
  - Event: amendment
  source text: Vast agreed to extend the Nave, Triton, and Fulton accounts receivable purchase facilities to April 17, 2024. After Modification, the Nave and Triton facilities provide credit capacities of $5.0 million and $1.0 million, respectively. Vast will charge a fee of 2.45% to Nave and 1.95% to Triton of sold receivables.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm
- Debt Financings
  ADDVANTAGE TECHNOLOGIES GROUP INC amended credit facility of credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity with Vast Bank, N.A..
  - Instrument: credit facility
  - Principal: credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity
  - Counterparty: Vast Bank, N.A.
  - Event: amendment
  source text: The Fulton facilities, after Modification, provide a credit capacity excluding a major customer of $5.0 million, with a fee of 2.0% of sold receivables, and credit capacity secured by receivables of a major customer of $0.5 million, with a fee of 1.6% of sold receivables.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm
- Material Agreements
  ADDVANTAGE TECHNOLOGIES GROUP INC amended Modification Addendums with Vast Bank, N.A. (effective 2023-12-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Vast Bank, N.A.
  - Effective: 2023-12-17
  source text: On December 17, 2023, ADDvantage Technologies Group, Inc. (the “Company”) signed Modification Addendums (the “Modification”) to its accounts receivable purchase facilities with Vast Bank, N.A. (“Vast”) for its subsidiaries, namely Nave Communications Company (“Nave”), ADDvantage Triton, LLC (“Triton”) and Fulton Technologies, Inc. (“Fulton”) pursuant to which Vast agreed to extend the Nave, Triton, and Fulton accounts receivable purchase facilities to April 17, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm

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