Item 1.01 Entry into a Material Definitive Agreement
(a) OnJanuary 28, 2021 ,Kewaunee Scientific Corporation (the "Company") entered into a Tenth Amendment to Credit and Security Agreement (the "Amendment") withWells Fargo Bank, National Association (the "Bank"). The Amendment made certain changes to the Credit and Security Agreement, dated as ofMay 6, 2013 , as amended (the "Credit Agreement"), between the Company and the Bank, and to the Revolving Line of Credit Note, datedMay 6, 2013 , made by the Company and payable to the order of the Bank, as amended (the "Revolving Note"). The changes included (i) extending the maturity date under the Credit Agreement and Revolving Note fromFebruary 1, 2021 toMay 3, 2021 ; (ii) establishing a minimum EBITDA covenant for the fiscal quarter endingApril 30, 2021 of$1,000,000 , determined for the four-quarter period then ending; and (iii) revising the covenant regarding delivery of financial projections to the Bank to, among other things, include projections for the next succeeding fiscal year. The foregoing description is qualified in its entirety by reference to the Amendment, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter endingJanuary 31, 2021 . 2
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