Daktronics enters new $71.5M credit facility, replacing prior $75M revolver

In connection with the execution of the New Credit Agreement and the New Security Agreement, the Prior Credit Agreement, the Prior Security Agreement, and other documents related to the Prior Credit Facility were terminated, all outstanding payment obligations under the Prior Credit Agreement were repaid in full, and all associated liens, including the mortgage recorded against the Company's Brookings, South Dakota real property, and other obligations of the Company under the Prior Credit Facility were released, except for the following obligations, each of which will survive the termination of the Prior Credit Agreement and related loan d

On November 26, 2025 (the “ Closing Date ”), Daktronics, Inc. (the “ Company ”) replaced its prior $75 million senior credit facility (the “ Prior Credit Facility ”) pursuant to a Credit Agreement dated as of May 11, 2023 (as amended, restated, modified, or supplemented from time to time, the “ Prior Credit Agreement ”), between and among the Company, JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), the Lenders (as defined in the Prior Credit Agreement), and the other Loan Parties (as defined in the Prior Credit Agreement) with a new revolving credit facility (the “ New Credit Facility ”) pursuant to a Credit Agreement (the “ New Credit Agreement ”), dated as of the Closing Date, between and among the Company, the Administrative Agent, the Lenders (as defined in the New Credit Agreement), and the other Loan Parties (as defined in the New Credit Agreement).