8-K - FGI Industries Ltd. | StockGist

AI Analysis

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FGI Industries Ltd amended its $18M credit facility with East West Bank on March 27, 2026, extending maturity to April 17, 2027 while maintaining borrowing base limits and adding EBITDA covenants.

Key Takeaways

1Entered Amended and Restated Business Loan Agreement with East West Bank on March 27, 2026.

2Maximum borrowing $18,000,000 subject to borrowing base limitations.

3Maturity extended to April 17, 2027.

4Collateralized by all assets of FGI Industries; guaranteed by Company, subsidiaries, and Liang Chou Chen (49.91% voting control of Foremost Groups Ltd).

5Financial covenants require monthly YTD EBITDA of up to $1.6M consolidated and $1.4M unconsolidated.

6Interest at Prime Rate plus 0-1.5% margin (min 4.500%); customary events of default.

Current Report Details

Event Type

Material Agreement

Financing

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. On March 27, 2026, FGI Industries Ltd (the “Company”), through its wholly owned subsidiary FGI Industries, Inc. (t

Material Agreement

$18.0M$1.6M$1.4M

Source Document

2.03

. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit: Number | Col2: Description Exhibit: 10.1* | Col2: Amended and Restated Business Loan Agre

Financing

Transaction Details

Material Agreement

Agreement: Amended and Restated Business Loan Agreement
Parties: FGI Industries, Inc. (Borrower), FGI Industries Ltd (Guarantor), East West Bank (Lender), certain other loan parties, Liang Chou Chen (Guarantor)

•Maximum borrowing amount $18,000,000 subject to borrowing base
•Maturity April 17, 2027
•Collateralized by all assets of FGI Industries
•Guaranteed by Company, certain subsidiaries, and Liang Chou Chen
•EBITDA covenants: consolidated up to $1.6M, unconsolidated up to $1.4M YTD monthly
•Interest: Prime Rate + 0-1.5% (min 4.500%)
•Customary covenants on indebtedness, liens, dispositions
•Customary events of default including non-payment, covenant violations, change of control

Debt / Financing

Instrument: Asset-Based Revolving Credit Facility
Principal: 18000000
Rate: Prime Rate + 0% to 1.5% (minimum 4.500% per annum)
Maturity: 2027-04-17

Exhibits (2)

10.1

EX-10.1

8-K