secwatch.observer — SEC 8-K summary
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Issuer:     ADDVANTAGE TECHNOLOGIES GROUP INC (—)
CIK:        0000874292
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001628280-23-042496
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/0001628280-23-042496-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874292/000162828023042496/aey-20231217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-042496

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