{"schema_version":"secwatch.filing_event.v1","accession":"0001001115-25-000003","form_type":"8-K","ticker":"GEOS","cik":"0001001115","company_name":"GEOSPACE TECHNOLOGIES CORP","filed_at":"2025-09-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.101449+00:00","generated_at":"2026-05-17T08:11:36.782285+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Geospace Technologies enters $25M revolving credit facility with Woodforest National Bank","bullets":["$25M revolving credit facility for three years, secured by substantially all assets.","Interest at SOFR + 2.75% or ABR + 2.75% per annum; monthly interest payments.","Financial covenants: min tangible net worth $85M, min liquidity $10M, asset coverage ratio 2.00:1.00.","Springing interest coverage ratio of 1.50:1.00 tested when facility drawn or LC exposure >$1M.","Borrowers include Geospace, GTC Inc., Aquana LLC, Quantum Technology Sciences, GeoVox Security."],"urls":{"canonical":"https://secwatch.observer/filing/0001001115-25-000003","json":"https://secwatch.observer/filing/0001001115-25-000003.json","markdown":"https://secwatch.observer/filing/0001001115-25-000003.md","text":"https://secwatch.observer/filing/0001001115-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001115/000100111525000003/0001001115-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001115/000100111525000003/geos20250904_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T08:11:36.782285+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa27ee418bc387686ce11d369d01574b799d8474","claim":"GEOSPACE TECHNOLOGIES CORP incurred revolving credit of $25 million with Woodforest National Bank at 30 Day Term SOFR plus a margin equal to 2.75% per annum or an Alternate Base Rat maturing three-year term.","evidence_excerpt":"July 26, 2023, between the Company and Woodforest National Bank. The Agreement is for a three-year term and provides a revolving credit facility with a maximum availability of $25 million. Interest shall accrue on outstanding borrowings at a rate equal to, at the Company’s option, (a) 30 Day Term SOFR plus a margin equal to 2.75% per annum or (b) an Alternate Base","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001115/000100111525000003/0001001115-25-000003-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$25 million"},{"label":"Counterparty","value":"Woodforest National Bank"},{"label":"Rate","value":"30 Day Term SOFR plus a margin equal to 2.75% per annum or an Alternate Base Rat"},{"label":"Maturity","value":"three-year term"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}