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RF Industries Ltd. (NASDAQ:RFIL) announced Wednesday that it has entered into a second amendment to its Loan and Security Agreement with Eclipse Business Capital LLC and participating lenders. According to a press release statement based on the company’s filing with the Securities and Exchange Commission, the amendment was executed on November 5.
The revised agreement extends the maturity date of the company’s revolving credit facility to March 15, 2029. The amendment also reduces the minimum outstanding principal required under the revolving loan to $4.0 million. Additionally, the interest rate for the revolving loan has been decreased to adjusted term SOFR or the base rate, plus an applicable margin. The applicable margin will be determined quarterly based on a pricing grid tied to the company’s average excess availability and fixed charge coverage ratio for the most recently ended fiscal quarter.
The amendment applies to RF Industries and its subsidiaries, including Cables Unlimited, Inc., Rel-Tech Electronics, Inc., C Enterprises, Inc., Schroff Technologies International, Inc., and Microlab/FXR LLC, which are all listed as borrowers under the agreement.
RF Industries, based in San Diego, California, is incorporated in Nevada and trades on the NASDAQ Global Market under the symbol RFIL. The company stated that details of the amendment are included as Exhibit 10.1 to its current report on Form 8-K.
This information is based on a press release statement filed with the SEC.
In other recent news, RF Industries reported strong financial results for Q3 2025, significantly surpassing analyst expectations. The company posted earnings per share of $0.10, exceeding the projected $0.07, marking a 42.86% surprise. Revenue for the quarter was $19.8 million, which was 11.99% higher than the anticipated $17.68 million. In addition, RF Industries announced a $2 million order for custom cabling solutions from a leading aerospace company. This order was placed with the company’s Cables Unlimited division, strengthening its existing business relationships in the aerospace sector. These developments reflect the company’s ongoing growth and expansion in its market.
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