Bridgford Foods amends Wells Fargo credit line to $7.5 million through November 2024
Bridgford Foods entered a fifth amendment to its credit agreement with Wells Fargo Bank and signed a new revolving line of credit note, replacing a note that expired in August 2023. The company may borrow up to $7.5 million until November 30, 2024, at a rate tied to the secured overnight financing rate plus 2.0%. This is a routine financing renewal, with covenants that include limits on liabilities to tangible net worth and minimum quick and fixed charge coverage ratios.
Key points
- Credit line of up to $7,500,000 available until November 30, 2024
- Interest at daily simple SOFR plus 2.0%, or prime rate if SOFR is unavailable
- Unused commitment fee of 0.35% of available loan amount, paid quarterly
- Amendment entered November 30, 2023, replacing a note that expired in August 2023
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 06, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.