RF Industries amends credit facility; maturity to 2029, $4.0M min

RF Industries (RFIL) amended its revolving credit facility.

Rhea-AI Filing Summary

RF Industries (RFIL) amended its revolving credit facility. The company and its subsidiaries signed a Second Amendment with Eclipse Business Capital that extends the facility’s maturity to March 15, 2029, lowers the minimum outstanding principal on the revolver to $4.0 million, and reduces the interest rate to adjusted term SOFR or the base rate, plus an Applicable Margin.

The Applicable Margin will be set quarterly under a two‑prong pricing grid based on Average Excess Availability and the Fixed Charge Coverage Ratio for the most recently ended fiscal quarter.

Insights

Credit markets analyst

Maturity extended to March 15, 2029; rate reset to SOFR/base + margin.

RF Industries updated its asset-based revolver, pushing out maturity to March 15, 2029. The amendment also resets pricing to adjusted term SOFR or base rate, plus an Applicable Margin determined by a quarterly grid.

The grid references Average Excess Availability and the Fixed Charge Coverage Ratio, aligning borrowing costs with liquidity and coverage metrics. The minimum outstanding principal on the revolver is set at $4.0 million, which defines minimum utilization.

This filing lists standard administrative changes without proceeds. Actual borrowing costs will vary with quarterly metrics under Annex IV; effects depend on future availability and coverage performance.

8-K Event Classification

2 items: 1.01, 9.01

2 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 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 RF Industries (RFIL) change in its credit facility?

It executed a Second Amendment extending maturity to March 15, 2029, lowering the minimum outstanding principal to $4.0 million, and resetting interest to SOFR/base plus an Applicable Margin.

What is the new maturity date of RF Industries’ revolving credit facility?

March 15, 2029.

How is the interest rate determined under the amended facility for RFIL?

It is adjusted term SOFR or the base rate, plus an Applicable Margin set quarterly by a pricing grid.

What factors set the Applicable Margin for RF Industries’ revolver?

A two-prong grid based on Average Excess Availability and the Fixed Charge Coverage Ratio for the most recently ended fiscal quarter.

What is the minimum outstanding principal required on the RFIL revolver?

$4.0 million.

Who are the parties to the amended agreement for RFIL?

RF Industries, its subsidiaries as borrowers, Eclipse Business Capital LLC as agent, and the lenders party thereto.

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

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Accepted by SEC EDGAR 11/06/2025 - 05:05 PM Learn about SEC filing dates

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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): November 5, 2025

R F INDUSTRIES, LTD.

(Exact name of registrant as specified in its charter)

Nevada (State or Other Jurisdiction
of Incorporation) 0-13301 (Commission File Number) 88-0168936 (I.R.S. Employer
Identification No.)

16868 Via Del Campo Court, Suite 200 San Diego, CA 92127

(Address of Principal Executive Offices, including Zip Code)

(858) 549-6340

(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2 below):

☐	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, $0.01 par value per share	RFIL	NASDAQ Global Market

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 November 5, 2025, RF Industries, Ltd. (the “Company”) entered into the Second Amendment to Loan and Security Agreement (the “EBC Second Amendment”), by and among the Company, the Company’s subsidiaries Cables Unlimited, Inc., Rel-Tech Electronics, Inc., C Enterprises, Inc., Schroff Technologies International, Inc., and Microlab/FXR LLC (collectively with the Company, the “Borrowers”), Eclipse Business Capital LLC, as agent (“EBC”), and the lenders party thereto (the “Lenders”).

The EBC Second Amendment amends the Loan and Security Agreement, dated as of March 15, 2024, among the Borrowers, the Lenders and EBC (as amended, the “EBC Loan Agreement”), to, among other things, (i) extend the revolving credit facility (the “EBC Revolving Loan”) maturity date to March 15, 2029, (ii) decrease the minimum EBC Revolving Loan outstanding principal amount to $4.0 million and (iii) decrease the interest rate for the EBC Revolving Loan to adjusted term SOFR or the base rate, as applicable, plus the Applicable Margin (as defined in the EBC Loan Agreement). The Applicable Margin is determined quarterly under a two-prong pricing grid based on both the Average Excess Availability and Fixed Charge Coverage Ratio for the most recently ended fiscal quarter, as set forth on Annex IV to the EBC Loan Agreement.

The foregoing description of the EBC Second Amendment is not complete and is qualified in its entirety by reference to the EBC Second Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and 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 information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
Exhibit No.		Description
10.1		Second Amendment to Loan and Security Agreement, dated as of November 5, 2025, by and among RF Industries, Ltd., Cables Unlimited, Inc., Rel-Tech Electronics, Inc., C Enterprises, Inc., Schroff Technologies International, Inc., and Microlab/FXR LLC, as Borrowers, Eclipse Business Capital LLC, as agent, and the lenders party thereto.
104		Cover Page Interactive Date File (embedded within the Inline XBRL document).

SIGNATURES

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

	RF INDUSTRIES, LTD.
Date: November 6, 2025	By: /s/ Peter Yin Peter Yin Chief Financial Officer