Company: PDEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001079973-25-000729
Chunk: 16

Company: PRO DEX INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 16
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standing loans at March 31, 2025 and June 30, 2024 (in thousands) is as follows (exclusive of unamortized loan fees):

    Schedule of unamortized loan  

    March 31,
                                                                                2025  
    June 30,    2024 
  
    Notes Payable: 

    Term Loan A 
    $3,058  
    $3,834 
  
    Term Loan B 
     455  
     571 
  
    Term Loan C 
     4,417  
     — 
  
    Property Loan 
     4,399  
     4,551 
  
    Amended Revolving Loan	 
     6,000  
     3,000 
  
    Total notes payable	 
    $18,329  
    $11,956 

Term Loan A and 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 Note C bears interest at an annual rate equal to the greater
of (a) 5%, or (b) the SOFR one-month rate 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, 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 in the principal amount of $3.1 million is due (plus any accrued and unpaid interest), and the Amended
Revolving Loan matures on December 29, 2026.

    15 
    PRO-DEX INC. AND SUBSIDIARYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 

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