---
schema_version: "secwatch.filing_event.v1"
accession: "0000320121-23-000003"
form_type: "8-K"
ticker: "TLS"
cik: "0000320121"
company_name: "TELOS CORP"
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:56:32.500988+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Telos enters $30M senior secured revolving credit facility with JPMorgan; no amounts drawn

## Summary
- $30M revolver maturing Dec 30, 2025; uncommitted expansion option up to $30M.
- Company had $125.3M cash as of Sep 30, 2022; no borrowings under new facility.
- Interest rates: ABR +0.9%, Daily Simple SOFR +1.9%, Term SOFR +1.9%; commitment fee 0.15%.
- Loan secured by assets of Telos and guarantor subsidiaries; max senior leverage ratio covenant.
- Facility for general corporate purposes; arranged by JPMorgan Chase.

## SEC filing metadata
- accession: 0000320121-23-000003
- form_type: 8-K
- ticker: TLS
- cik: 0000320121
- company_name: TELOS CORP
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/320121/000032012123000003/0000320121-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/320121/000032012123000003/tls-20221230.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000320121-23-000003
- JSON: https://secwatch.observer/filing/0000320121-23-000003.json
- Plain text: https://secwatch.observer/filing/0000320121-23-000003.txt

## Key facts
- Debt Financings
  TELOS CORP incurred revolving credit of $30,000,000 with JPMorgan Chase Bank, N.A. at Alternative Base Rate, plus .9%; Adjusted Daily Simple SOFR, plus 1.9%; and Adju maturing December 30, 2025.
  - Instrument: revolving credit
  - Principal: $30,000,000
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Alternative Base Rate, plus .9%; Adjusted Daily Simple SOFR, plus 1.9%; and Adju
  - Maturity: December 30, 2025
  - Event: incurrence
  source text: On December 30, 2022, Telos Corporation (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, Xacta Corporation, ubIQuity.com, inc., Teloworks, Inc., and Telos Identity Management Solutions, LLC, as guarantors (collectively, the “Guarantors”), the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Agent”). The Credit Agreement provides for a $30,000,000 senior secured revolving loan facility with a maturity date of December 30, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/320121/000032012123000003/0000320121-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.