---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-000451"
form_type: "8-K"
ticker: "AEHR"
cik: "0001040470"
company_name: "AEHR TEST SYSTEMS"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:28:11.289287+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Aehr Test Systems extends SVB credit line to Jan 2024, with possible further extension to Jan 2025 subject to conditions

## Summary
- Extended Revolving Line Maturity Date to January 13, 2024 under Third Amendment with Silicon Valley Bank.
- Further extension to January 13, 2025 contingent on submitting FY2024 plan by July 31, 2023 and maintaining net cash ≥ $20M at Nov 30, 2023.
- Amendment modifies previous Loan and Security Agreement dated January 13, 2020 and prior amendments.
- No other material changes to interest rate, covenant, or borrowing base disclosed.

## SEC filing metadata
- accession: 0001654954-23-000451
- form_type: 8-K
- ticker: AEHR
- cik: 0001040470
- company_name: AEHR TEST SYSTEMS
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/0001654954-23-000451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/aehr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-000451
- JSON: https://secwatch.observer/filing/0001654954-23-000451.json
- Plain text: https://secwatch.observer/filing/0001654954-23-000451.txt

## Key facts
- Debt Financings
  AEHR TEST SYSTEMS amended credit facility with Silicon Valley Bank maturing Revolving Line Maturity Date extended to January 13, 2024.
  - Instrument: credit facility
  - Counterparty: Silicon Valley Bank
  - Maturity: Revolving Line Maturity Date extended to January 13, 2024
  - Event: amendment
  source text: On January 10, 2023, Aehr Test Systems (the “Company”) entered into the Third Amendment to Loan and Security Agreement (the “Amendment”) with Silicon Valley Bank (the “Lender”) which amended the Loan and Security Agreement dated as of January 13, 2020, the First Amendment to Loan and Security Agreement dated as of January 14, 2021, and the Second Amendment to Loan and Security Agreement dated as of January 11, 2022 with the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/0001654954-23-000451-index.htm
- Material Agreements
  AEHR TEST SYSTEMS amended Third Amendment to Loan and Security Agreement with Silicon Valley Bank valued at Extended the Revolving Line Maturity Date to January 13, 2024, with possible further extension to Ja (effective 2023-01-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: Extended the Revolving Line Maturity Date to January 13, 2024, with possible further extension to Ja
  - Effective: 2023-01-10
  source text: Item 1.01. Entry into a Material Definitive Agreement. On January 10, 2023, Aehr Test Systems (the “Company”) entered into the Third Amendment to Loan and Security Agreement (the “Amendment”) with Silicon Valley Bank (the “Lender”) which amended the Loan and Security Agreement dated as of January 13, 2020, the First Amendment to Loan and Security Agreement dated as of January 14, 2021, and the Second Amendment to Loan and Security Agreement dated as of January 11, 2022 with the Lender. The Amendment, among other things, extended the Revolving Line Maturity Date to January 13, 2024, provided, however, that (i) if by no later than July 31, 2023 the Company submits a fiscal year 2024 plan of record to that is generally acceptable to the Lender, and (ii) the minimum net cash at the end of November 30, 2023 is at least $20.0 million, the Amended Revolving Line Maturity Date would be extended to January 13, 2025. The foregoing description of the Amendment does not purport to be complete and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040470/000165495423000451/0001654954-23-000451-index.htm

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