Daktronics Inc. announced on June 10, 2025, that it has entered into a Consent and Amendment No. 4 to its Credit Agreement, effective as of June 6, 2025. This amendment, involving JPMorgan Chase Bank, N.A. as the Administrative Agent, alongside other loan parties and lenders, modifies the original Credit Agreement dated May 11, 2023. The amendment permits Daktronics to secure Letters of Credit with terms extending beyond the Credit Agreement's maturity date. As of the report date, there are no outstanding borrowings under the agreement, but approximately $3.4 million is tied up in Letters of Credit. The amendment also stipulates that any amounts owed under Delayed Draw Term Loans must be paid by May 11, 2026, or when commitments are reduced to zero. The maturity of repayment obligations will occur on the earliest of November 30, 2026, six months before the scheduled maturity of the Term Loan Debt, or as otherwise agreed by the parties.