---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-069441"
form_type: "8-K"
ticker: "ASYS"
cik: "0000720500"
company_name: "AMTECH SYSTEMS INC"
filed_at: "2023-12-11T23:59:59+00:00"
generated_at: "2026-06-07T15:17:16.434668+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Amtech Systems enters forbearance agreement with UMB Bank to cure covenant default, amends loan terms

## Summary
- Revolver increased from $8M to $14M; maturity extended to January 2025.
- Term loan commitment reduced from $12M to $4.4M; maturity extended to January 2029.
- Monthly term loan payments reduced from $235,204 to $73,720.
- Interest rate changed to Prime plus applicable margin; minimum EBITDA covenant replaces debt-to-EBITDA.
- Fixed charge coverage ratio compliance deferred to FY ending Sept 2024, minimum 1.30:1.

## SEC filing metadata
- accession: 0000950170-23-069441
- form_type: 8-K
- ticker: ASYS
- cik: 0000720500
- company_name: AMTECH SYSTEMS INC
- filed_at: 2023-12-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/0000950170-23-069441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/asys-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-069441
- JSON: https://secwatch.observer/filing/0000950170-23-069441.json
- Plain text: https://secwatch.observer/filing/0000950170-23-069441.txt

## Key facts
- Material Agreements
  AMTECH SYSTEMS INC amended Forbearance & Modification Agreement with UMB Bank, N.A. (effective 2023-12-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: UMB Bank, N.A.
  - Effective: 2023-12-05
  source text: On December 5, 2023, the Company entered into a Forbearance & Modification Agreement (the “Forbearance Agreement”) with the Lender pursuant to which the Lender agreed to forbear from exercising the rights and remedies available to it as a result of such default.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017023069441/0000950170-23-069441-index.htm

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