BK Technologies enters $6M revolving credit facility with Fifth Third Bank

BK Technologies Corp

Revolver commitment of $6M, with accordion feature up to $10M if conditions met.
Interest at SOFR plus 2.5% per annum; one-year term; prepayable without penalty.
Guaranteed by BK Technologies Corp. and RELM Communications; secured by substantially all assets.
Covenants include max total funded debt ratio of 2.00:1 and minimum fixed charge coverage of 1.20:1.

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