{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-131367","form_type":"8-K","ticker":"TPCS","cik":"0001328792","company_name":"TECHPRECISION CORP","filed_at":"2022-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.182527+00:00","generated_at":"2026-06-20T21:22:11.816142+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"TechPrecision extends term loan to 2027, modifies revolver and interest rates","bullets":["Extended Ranor Term Loan maturity from Dec 15, 2022 to Dec 15, 2027.","Extended revolver loan maturity from Dec 20, 2022 to Dec 20, 2023.","Increased term loan interest rate from 5.21% to 6.05% per annum.","Reduced monthly term loan payment from $19,260.46 to $16,601.89.","Replaced LIBOR with SOFR as benchmark for revolver; lowered debt service coverage ratio to 1.10x for Dec 2022 quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-131367","json":"https://secwatch.observer/filing/0001104659-22-131367.json","markdown":"https://secwatch.observer/filing/0001104659-22-131367.md","text":"https://secwatch.observer/filing/0001104659-22-131367.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1328792/000110465922131367/0001104659-22-131367-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1328792/000110465922131367/tm2233762d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T21:22:11.816142+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":"e47ee08f1d4b94ea64aa82647763183fba97b589","claim":"TECHPRECISION CORP amended Amendment with Berkshire Bank (effective 2022-12-20).","evidence_excerpt":"On December 23, 2022, Ranor and certain affiliates of the Company entered into a Fifth Amendment to Amended and Restated Loan Agreement, Fifth Amendment to Promissory Note and First Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”). Effective as of December 20, 2022, the Amendment, among other things (i) extends the maturity date of the Ranor Term Loan to December 15, 2027, (ii) extends the maturity date of the Revolver Loan from December 20, 2022 to December 20, 2023, (iii) increases the interest rate on the Ranor Term Loan from 5.21% to 6.05% per annum, (iv) decreases the monthly payment on the Ranor Term Loan from $19,260.46 to $16,601.89, (v) replaces LIBOR as an option for the benchmark interest rate for the Revolver Loan with SOFR, (vi) replaces LIBOR-based interest pricing conventions with SOFR-based pricing conventions, including benchmark replacement provisions, and (vii) solely with respect to the fiscal quarter ending December 31, 2022, lowers the","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1328792/000110465922131367/0001104659-22-131367-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Berkshire Bank"},{"label":"Effective","value":"2022-12-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}