secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0000320121-23-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000003/0000320121-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012123000003/tls-20221230.htm
  HTML page:      https://secwatch.observer/filing/0000320121-23-000003

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