Company: PDEX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001079973-25-001655
Chunk: 14

Company: PRO DEX INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 14
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ES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 

The
balance on our outstanding loans (in thousands) is as follows (exclusive of unamortized loan fees):

    Schedule of unamortized loan  

    September
    30, 2025  
    June 30,
    2025 
  
    Notes Payable: 

    Term Loan A 
    $2,529  
    $2,795 
  
    Term Loan B 
     377  
     416 
  
    Term Loan C	 
     3,917  
     4,167 
  
    Property Loan	 
     4,295  
     4,347 
  
    Amended Revolving Loan	 
     2,157  
     3,706 
  
    Total notes payable	 
    $13,275  
    $15,431 

Term
Loan A and Term Loan B both bear interest at a fixed rate of 3.84% per annum, the Property Loan bears interest at a fixed rate of 3.55%
per annum and Term Loan C bears interest at an annual rate equal to the greater of (a) 5%, or (b) SOFR for a one-month period
from the website of the CME Group Benchmark Administration Limited plus 2.5% (the “Adjusted Term SOFR Rate”). The
Amended Revolving Loan bears interest at an annual rate equal to the greater of (a) 4%, or (b) the Adjusted Term SOFR Rate. Term
Loan A and Term Loan B are both fully amortizing and mature on November 1, 2027, and Term Loan C is fully amortizing and matures on August
1, 2029. The Property Loan matures on November 1, 2030, at which time a balloon payment of $3.1 million is due, and the Amended Revolving
Loan matures on December 29, 2026.

Any
payment on Term Loan A, Term Loan B, Term Loan C, the Property Loan, or Amended Revolving Loan (collectively, the “Loans”)
not made within seven days after the due date is subject to a late payment fee equal to 5% of the overdue amount. Upon the occurrence
and during the continuance of an event of default, the interest rate of all Loans will be increased by