Bridgford Foods Corp Extends $7.5M Line of Credit Maturity

What Happened Bridgford Foods Corp (BRID) filed an 8-K on September 30, 2026 reporting that Wells Fargo agreed to extend the maturity date of the company’s existing line of credit to November 13, 2026. Under the facility the company may borrow up to $7,500,000 at an interest rate equal to the bank’s prime rate or the secured overnight financing rate (SOFR) plus 2.0%.

Key Details

• Lender: Wells Fargo.
• Maximum borrowing capacity: $7,500,000.
• Interest rate: bank’s prime rate or SOFR + 2.0% (variable).
• Unused commitment fee: 0.25% of the available loan amount.
• New maturity date: November 13, 2026.

Why It Matters This extension preserves Bridgford’s short-term borrowing capacity and liquidity through November 13, 2026, giving the company continued access to up to $7.5M of credit. Investors should note the loan is variable-rate (prime or SOFR + 2.0%), so interest costs will move with market rates, and there is a small fee (0.25%) on unused capacity. No other changes to the line’s terms were disclosed in the filing.