Frequency Electronics enters USD 10 million revolving credit facility with JPMorgan Chase Bank
Frequency Electronics, Inc. FEIM | 0.00 | |
Jpmorgan Chase JPM | 0.00 |
- Frequency Electronics entered a JPMorgan Chase senior secured revolving credit facility on June 12, 2026, sized at USD 10 million.
- Up to USD 5 million is available for letters of credit; the company can seek an increase of up to USD 10 million, subject to conditions.
- Facility matures June 12, 2029; undrawn commitments carry a 0.35% annual fee.
- Pricing set at Prime or 2.5% floor, plus 2.5% for CBFR borrowings; Adjusted Term SOFR plus 2.5% for SOFR borrowings.
- Obligations guaranteed by FEI-Zyfer; collateral includes substantially all assets under a separate security agreement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frequency Electronics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-002498), on June 12, 2026, and is solely responsible for the information contained therein.
