Lifeway Foods, Inc. 8-K

What Happened
Lifeway Foods, Inc. announced on June 30, 2026 that it entered a Master Security Agreement (MSA) with CIBC Bank USA to provide equipment financing or refinancing. Under an Interim Funding Agreement, the lender may advance up to $22,000,000 in the aggregate during an interim funding period that expires June 30, 2027. Advances bear interest at 1‑month Term SOFR plus 1.65% (paid monthly). Outstanding advances will convert to an Equipment Guidance Line Note when the lender and Lifeway execute a Collateral Schedule; that Note will require monthly principal and interest payments and mature five years after the conversion date.

Key Details

• Lender: CIBC Bank USA; agreement date: June 30, 2026.
• Interim funding capacity: up to $22,000,000; interim period ends June 30, 2027.
• Interest: 1‑month Term SOFR + 1.65%, interest payable monthly in arrears.
• Conversion: outstanding interim advances convert to a five‑year Equipment Guidance Line Note upon execution of a Collateral Schedule; monthly principal + interest payments.
• Existing credit arrangements (including the Sixth Modification effective December 29, 2025) remain unchanged after this agreement; borrowers include Lifeway, Fresh Made, Inc. and Lifeway Wisconsin, Inc.

Why It Matters
This agreement gives Lifeway access to dedicated capital for acquiring or refinancing equipment, supporting operational needs or growth without altering its existing credit terms. The committed capacity ($22M) and specified interest margin (SOFR+1.65%) are concrete financing terms investors can use to assess potential impacts on liquidity, interest expense, and capital spending plans.