SEC 8-K News

2024-07-03 12:31:06

Optical Cable Corporation has announced that on June 27, 2024, they entered into a Modification Agreement with North Mill Capital LLC, along with Applied Optical Systems, Inc., and Centric Solutions LLC, to modify their existing Loan and Security Agreement. The agreement extends the $18,000,000 Revolving Credit Facility's initial term to July 24, 2027, increases the maximum amount of eligible inventory, and alters certain other terms. New terms also detail facility fees for extended years and termination fees depending on when the loan is ended. Post-modification, the principal balance stands at approximately $7,837,102 as of July 2, 2024.

Company Name: Optical Cable Corporation Modification Agreement with: North Mill Capital LLC, Applied Optical Systems, Inc., and Centric Solutions LLC Senior Vice President and Chief Financial Officer of Optical Cable Corporation: Tracy G. Smith