secwatch.observer — SEC 8-K summary
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Issuer:     BK Technologies Corp (BKTI)
CIK:        0000002186
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001654954-24-013700
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2186/000165495424013700/0001654954-24-013700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2186/000165495424013700/bkti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013700

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