Business Context and Reporting Period
Company: Northwest Pipe Company (NWPX Infrastructure, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: October 21, 2004
Event: Entry into a material definitive agreement regarding credit facilities.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity ratios. The primary financial metric disclosed is the adjustment to the company's borrowing capacity:
- Line of Credit Increase: Raised from $35 million to $38.5 million.
- Lender: Wells Fargo Bank, National Association.
- Other Adjustments: Corrections made to borrowing base calculations.
Material Changes
The material change reported is the execution of the First Amendment to the Amended and Restated Credit Agreement. This amendment increases the available credit line by $3.5 million and modifies the methodology for calculating the borrowing base.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the credit agreement amendment. No unusual items or contingencies are described in the text provided.
Investor Verification Checklist
- Verify the specific terms of the "corrections to borrowing base calculations" in Exhibit 10.1.
- Confirm the interest rate and fee structure associated with the increased $38.5 million credit line.
- Review the company's most recent 10-K or 10-Q to assess current utilization of the credit facility and overall debt load.