11 unchanged sentences
We have a $75.0 million senior credit facility (the “Credit Facility”) consisting of a $60.0 million asset-based revolving credit facility (the “ABL”) maturing on May 11, 2026 and a $15.0 million delayed draw loan (the “Delayed Draw Loan”).
−Removed: Under the Credit Facility, we have encumbered substantially all of our owned real property for the benefit of the lenders thereunder.
−Removed: For additional information, see "Note 7.
−Removed: Financing Agreements" in the Notes to Consolidated Financial Statements included in this Form 10-K.
+Added: The Credit Facility is governed by a Credit Agreement, dated as of May 11, 2023 (as amended, restated, modified, or supplemented from time to time, the “Credit Agreement”), between and among the Company, JPMorgan Chase Bank, N.A.
+Added: (the “Administrative Agent”), the Lenders (as defined in the Credit Agreement), and the other Loan Parties (as defined in the Credit Agreement).
+Added: Pursuant to the terms of the Credit Agreement and the related Pledge and Security Agreement, dated as of May 11, 2023, by and among the Company, Daktronics Installation, Inc., and the Administrative Agent (the “Pledge and Security Agreement”), our obligations under the Credit Facility are secured by substantially all of our owned real property for the benefit of the Lenders.
+Added: On June 10, 2025, we entered into a Consent and Amendment No.
+Added: 4 to Credit Agreement (the “Fourth Amendment”), which, among other changes, permits the Company to secure Letters of Credit (as defined in the Credit Agreement) with terms that expire after the Credit Agreement’s scheduled maturity date of May 11, 2026 under certain conditions (the “Specified Letters of Credit”).
+Added: For more information about the Fourth Amendment and the Specified Letters of Credit, see “Note 7.
+Added: Financing Agreements” and “Note 18.
+Added: Subsequent Events” in the Notes to Consolidated Financial Statements included in this Form 10-K.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.