Short answer
FREQUENCY ELECTRONICS INC (FEIM) filed an 8-K current report with the SEC on June 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $10M senior secured revolving facility from JPMorgan Chase, available for working capital and general corporate purposes.
FREQUENCY ELECTRONICS INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $10M senior secured revolving facility from JPMorgan Chase, available for working capital and general corporate purposes
- $5M available for letters of credit; potential increase of up to $10M subject to conditions
- Three-year maturity on June 12, 2029; 0.35% annual fee on undrawn commitments
- Borrowing costs equal SOFR or applicable prime-based rate plus 2.50%
- FEI-Zyfer guarantee and substantially all assets pledged as collateral; quarterly leverage capped at 2.25x and fixed-charge coverage minimum 1.25x
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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