secwatch.observer — SEC 8-K summary
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Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2022-01-13T23:59:59+00:00
Accession:  0001654954-22-000446
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aehr Test Systems amends credit facility with Silicon Valley Bank, increases revolver to $10M, extends maturity
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- Revolving line increased to lesser of $10M or borrowing base; up to $3M available against eligible purchase orders.
- Maturity extended to January 13, 2023; original agreement dated January 13, 2020.
- Account advance interest rate: prime plus 0–1.0% (based on quick ratio), floor 3.25%.
- Purchase order advance interest rate: prime plus 0–1.5% (based on quick ratio), floor 3.75%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495422000446/0001654954-22-000446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495422000446/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-000446

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