Item 1.01. Entry into a Material Definitive Agreement.
Modification of $15
The Amendment modifies that certain Business Loan Agreement dated
Under this line of credit, Bisco may borrow from the Lender up to
The foregoing descriptions are qualified in their entirety by the Amendment,
which is filed herewith, and the Loan Agreement and other ancillary agreements
previously filed with by the Company with the
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 in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number Description 10.1 Change In Terms Agreement datedJanuary 11, 2021 , betweenBisco Industries, Inc. andCitizens Business Bank ($15,000,000 line of credit). 10.2 Business Loan Agreement datedNovember 27, 2019 ($15,000,000 ) betweenBisco andCitizens Business Bank , which was executed onDecember 4, 2019 (Exhibit 10.1 to the Company's Current Report on Form 8-K, filed with theSEC onDecember 6, 2019 , is incorporated herein by reference) 10.3 Change in Terms Agreement datedNovember 27, 2019 ($15,000,000 ) betweenBisco andCitizens Business Bank , which was executed onDecember 4, 2019 . (Exhibit 10.2 to the Company's Current Report on Form 8-K, filed with theSEC onDecember 6, 2019 , is incorporated herein by reference) 10.4 Commercial Guaranty datedNovember 27, 2019 ($15,000,000 ) betweenEACO andCitizens Business Bank . (Exhibit 10.3 to the Company's Current Report on Form 8-K, filed with theSEC onDecember 6, 2019 , is incorporated herein by reference)
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