secwatch.observer — SEC 8-K summary
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Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2025-09-04T23:59:59+00:00
Accession:  0001001115-25-000003
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace Technologies enters $25M revolving credit facility with Woodforest National Bank
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000100111525000003/0001001115-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000100111525000003/geos20250904_8k.htm
  HTML page:      https://secwatch.observer/filing/0001001115-25-000003

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