Aehr Test Systems terminates Loan Agreement with Silicon Valley Bank; no outstanding balance

AEHR TEST SYSTEMS

Loan and Security Agreement with Silicon Valley Bank terminated effective January 4, 2024.
No amounts were outstanding under the facility as of termination date.
Lender's security interest in company assets and property released.
Certain indemnification obligations survive termination per customary terms.

item 1.02

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AEHR TEST SYSTEMS terminated Loan and Security Agreement with Silicon Valley Bank (effective 2024-01-04).

Action: termination
Agreement: credit facility
Counterparty: Silicon Valley Bank
Effective: 2024-01-04

Exact text from the filing

Effective January 4, 2024, Aehr Test Systems (the “Company”) terminated the Loan and Security Agreement (the “Loan Agreement”) dated as of January 13, 2020 with Silicon Valley Bank (the "Lender")

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AEHR TEST SYSTEMS filing history →

Source: SEC EDGAR

accession 0001654954-24-000428

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