Optical Cable Corp refinances real estate loan, cuts rate from 8.5% to 6.5% with $2.65M facility

Filed May 6, 2026 · Period ending April 30, 2026 · ~2 min read

Key Changes

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  OCC secured a $2.65M, 10-year loan from Freedom First FCU at 6.5% fixed for five years, then variable (5-yr Treasury + 2.5%). Loan is secured by the company's Roanoke, VA property and replaces a Northeast Bank facility that was set to mature May 5, 2026.

  Item 1.01: Loan Agreement verify on EDGAR →
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  The refinancing paid off OCC's existing Northeast Bank loan in full, which carried a minimum 8.5% interest rate. The 200 basis point rate reduction should meaningfully lower interest expense going forward.

  Item 1.01: Payoff disclosure verify on EDGAR →
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  Monthly payments are approximately $19,913 for the first five years. After year five, the rate converts to variable with a 4.5% floor. A balloon payment is due at maturity on May 1, 2036.

  Item 1.01: Payment terms verify on EDGAR →