Telos amends credit agreement: lowers revolver to $15M, extends to Dec 2026

TELOS CORP

Revolving commitment reduced to $15M with $15M expansion feature; reflects strong liquidity and cash flow.
Interest rates set at 1.25% (ABR) and 2.25% (Term Benchmark/RFR); commitment fee 0.25%.
Maturity extended to December 30, 2026; $5M minimum unrestricted cash required with JPMorgan.
Borrower must maintain substantially all liquid assets with J.P. Morgan Asset Management within 90 days.
Amendment executed December 30, 2025 with JPMorgan Chase Bank as sole lender and agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TELOS CORP amended Second Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and Lender valued at $15,000,000 (effective 2025-12-30).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent and Lender
Value: $15,000,000
Effective: 2025-12-30

Exact text from the filing

On December 30, 2025, Telos Corporation (the “Company”) entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with JPMorgan Chase Bank, N.A., as Administrative Agent and Lender.

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Source: SEC EDGAR

accession 0000320121-26-000004

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