secwatch.observer — SEC 8-K summary
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Issuer:     TELOS CORP (TLS)
CIK:        0000320121
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0000320121-26-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/320121/000032012126000004/0000320121-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/320121/000032012126000004/tls-20251230.htm
  HTML page:      https://secwatch.observer/filing/0000320121-26-000004

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