secwatch.observer — SEC 8-K summary
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Issuer:     ReposiTrak, Inc. (TRAK)
CIK:        0000050471
Form:       8-K
Filed at:   2021-10-12T23:59:59+00:00
Accession:  0001654954-21-010946
Event type: debt
Sentiment:  positive
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park City Group enters $10M revolving credit facility with U.S. Bank, replacing prior $6M line
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- New $10.0 million revolving credit facility with U.S. Bank, maturing March 31, 2023.
- Interest rate of 1.75% plus one-month LIBOR; includes SOFR fallback provisions.
- Replaces prior $6.0 million credit facility from January 2019; proceeds for working capital.
- Covenants: maintain liquid assets ≥ outstanding balance; Senior Funded Debt/EBITDA ≤ 3:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50471/000165495421010946/0001654954-21-010946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50471/000165495421010946/pcyg8k_oct62021.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-010946

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer