BK Technologies revises credit facility to $14M, extends to 2028

BK Technologies Corporation amended its revolving credit facility with Fifth Third Bank.

Rhea-AI Filing Summary

BK Technologies Corporation amended its revolving credit facility with Fifth Third Bank. The amendment removes the borrowing base requirement on the existing $6.0 million revolver and adds an accordion that, if conditions are met, increases borrowing capacity by up to $8.0 million, for a total maximum commitment of $14.0 million. The maturity was extended to October 30, 2028.

The amendment introduces a new covenant requiring the outstanding principal to be $0 for at least 30 consecutive days during each annual period ending October 30. Interest on advances will accrue at SOFR + 1.75% to 2.25% per annum, based on total debt coverage ratios. RELM Communications, Inc. was released from its guarantor obligations. The amendment is filed as Exhibit 10.1.

Insights

Credit markets analyst

BKTIs revolver gains flexibility, longer tenor, and a zero-balance covenant.

The facility now permits up to a $14.0 million commitment, combining the $6.0 million revolver with an accordion of up to $8.0 million if conditions are met. Removing the borrowing base can simplify access to liquidity compared with asset-dependent availability.

Pricing is set at SOFR plus a 1.75%–2.25% margin, tied to total debt coverage ratios, aligning cost with leverage. A new covenant requires a $0 outstanding balance for at least 30 consecutive days each annual period ending on October 30, which can encourage periodic paydowns and liquidity discipline.

The tenor extends to October 30, 2028, and RELM Communications, Inc. is released as a guarantor. Actual utilization and cash-flow effects depend on borrowing choices and covenant compliance.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BKTI change in its credit facility?

It removed the borrowing base requirement on the $6.0 million revolver, added an accordion of up to $8.0 million (total $14.0 million), and extended maturity.

What is the new maturity date for BKTI’s credit agreement?

The maturity date was extended to October 30, 2028.

What interest rate applies under the amended facility for BKTI (BKTI)?

Each advance accrues interest at SOFR + 1.75% to 2.25% per annum, based on total debt coverage ratios.

Are there new financial covenants in BKTI’s amendment?

Yes. The Borrower must keep the outstanding principal at $0 for at least 30 consecutive days during each annual period ending October 30.

What is the total potential borrowing capacity after the amendment?

Up to $14.0 million, including the existing $6.0 million revolver and an accordion of up to $8.0 million, if conditions are met.

Did guarantor obligations change for BKTI’s facility?

RELM Communications, Inc. was released from its obligations as a guarantor under the credit agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/30/2025 - 04:19 PM Learn about SEC filing dates

false 0000002186 0000002186 2025-10-30 2025-10-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 30, 2025

BK Technologies Corporation

(Exact name of registrant as specified in its charter)

Nevada		001-32644		83-4064262
(State or other jurisdiction of		(Commission		(IRS Employer
incorporation or organization)		File No.)		Identification Number)

7100 Technology Drive, West Melbourne, FL		32904
(Address of principal executive offices)		(Zip Code)

(321) 984-1414

(Registrant’s telephone number including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, par value $0.60 per share		BKTI		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On October 30, 2025, BK Technologies, Inc. (the “Borrower”), a wholly owned subsidiary of BK Technologies Corporation (the “Company”), entered into a First Amendment Agreement (the “Amendment”) with Fifth Third Bank, National Association (the “Lender”), amending the Credit Agreement by and between the Borrower and Lender (as amended, the “Credit Agreement”). Among other things, the Amendment revises the availability under the $6.0 million revolving credit facility to remove the borrowing base requirement, and to increase the accordion feature, if certain conditions are met, for up to an additional $8.0 million of borrowing capacity, totaling a maximum commitment of $14.0 million; extends the maturity date to October 30, 2028; adds a new financial covenant providing that the Borrower will cause the outstanding principal balance under the Credit Agreement to be $0 for at least 30 consecutive days during each annual period ending on October 30; and amends the applicable interest rate margin, such that each advance under the Credit Agreement shall accrue interest on the outstanding principal amount thereof at a rate of the Secured Overnight Financing Rate (SOFR), plus a range of 1.75% to 2.25% per annum, based on certain total debt coverage ratios. In connection with the Amendment, RELM Communications, Inc. was released from its obligations as a guarantor under the Credit Agreement.

The foregoing summary of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth under Item 1.01 of this Current Report is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1*		First Amendment Agreement, dated October 30, 2025, by and between BK Technologies, Inc. and Fifth Third Bank, National Association.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Certain exhibits and schedules to this exhibit have been omitted pursuant to Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BK TECHNOLOGIES CORPORATION
Date: October 30, 2025	By:	/s/ Scott A. Malmanger
		Scott A. Malmanger
		Chief Financial Officer