Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
JLWT > SEC Filings for JLWT > Form 8-K on 3-Feb-2014All Recent SEC Filings

Show all filings for JANEL WORLD TRADE LTD



Entry into a Material Definitive Agreement, Creation of a Direct Financial

Item 1.01. Entry into a Material Definitive Agreement.

On January 31, 2014, the Registrant extended the term of its Janel Group of New York subsidiary's $1,731,335 (limited to the borrowing base) revolving line of credit agreement (the "Credit Facility") with Community National Bank ("CNB") from January 31, 2014 to June 30, 2014. As part of the extension, CNB (i) reduced the Credit Facility to $1,275,335 (the current amount of borrowings outstanding), and (ii) will not allow any additional borrowings during the extension period. All other terms of the CNB credit facility remained unchanged.

Item 2.03. Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant.

The information required by this Item is described in Item 1.01 above.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed herewith:

Exhibit No.

10.1     Promissory Note dated January 31, 2014 between Registrant's subsidiary,
         The Janel Group of New York, Inc., payable to Community National Bank
10.2     Business Loan Agreement dated January 31, 2014 between Registrant's
         subsidiary, The Janel Group of New York, Inc. and Community National

  Add JLWT to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for JLWT - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.