OPTICAL CABLE CORPORATION (NASDAQ:OCC) Files An 8-K Entry into a Material Definitive Agreement

Item1.01 Entry into a Material Definitive Agreement

Item1.01. Entry into a Material
Definitive Agreement

On April 26, 2016, OCC entered into a Credit Agreement and a
Revolving Credit Note (Revolver) with BNC to provide the Company
with a $7.0 million revolving line of credit (Revolving Loan) for
the working capital needs of the Company.

On February 28, 2017, the Company entered into a Second Loan
Modification Agreement (the Modification Agreement) extending the
maturity date of the Revolver to March 31, 2019 and also removing
certain previously existing provisions of the Revolving Loan that
required reductions in the amount available to be borrowed
originally contemplated to occur on February 28, 2017 and 2018.
As a result, the collective maximum principal amount of the
Revolving Loan will remain at $7.0 million. All other terms of
the Revolving Loan remain unaltered and remain in full force and
effect.

The Revolving Loan provides the Company the ability to borrow an
aggregate principal amount at any one time outstanding not to
exceed $7.0 million. Within the revolving loan limit of the
Revolving Loan and the Modification Agreement, the Company may
borrow, repay, and reborrow, at any time or from time to time
until March 31, 2019.

Advances under the Revolving Loan accrue interest at adjusted
LIBOR plus 2.50%. Accrued interest on the outstanding principal
balance is due on the first day of each month, with all then
outstanding principal, interest, fees and costs due at the
Revolving Loan maturity date of March 31, 2019. The Company
currently has $4.4 million outstanding under the Revolving Loan.

The Modification Agreement is attached hereto as Exhibit 4.1 and
incorporated herein by reference.

Item9.01. Financial Statements and
Exhibits.

(d) Exhibits

The following is filed as an Exhibit to this Report.

SIGNATURES

About OPTICAL CABLE CORPORATION (NASDAQ:OCC)

Optical Cable Corporation (OCC) is a manufacturer of a range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market, and various harsh environment and specialty markets. The Company’s product offerings include designs for uses ranging from enterprise networks, datacenters, residential and campus installations to customized products for specialty applications and harsh environments. OCC products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, pre-terminated fiber optic and copper cable assemblies, racks, cabinets, datacom enclosures, patch panels, face plates, multi-media boxes, fiber optic reels and accessories, and other cable and connectivity management accessories. It markets and sells its harsh environment and specialty connectivity product offering under the names Optical Cable Corporation and OCC.

OPTICAL CABLE CORPORATION (NASDAQ:OCC) Recent Trading Information

OPTICAL CABLE CORPORATION (NASDAQ:OCC) closed its last trading session up +0.15 at 3.65 with 18,982 shares trading hands.