---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-045213"
form_type: "8-K"
ticker: "TPCS"
cik: "0001328792"
company_name: "TECHPRECISION CORP"
filed_at: "2024-04-09T23:59:59+00:00"
generated_at: "2026-06-04T00:47:53.778537+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TechPrecision extends revolver maturity to May 24; acknowledges covenant defaults

## Summary
- Revolver maturity extended from Mar 20, 2024 to May 24, 2024; due diligence spending limit raised to $2M from $1M.
- Acknowledged existing defaults for failing minimum Debt Service Coverage Ratio for periods ending Sep 30, 2023 and Dec 31, 2023.
- Company paid $2,500 modification fee and all legal fees; lender reserves all rights including acceleration.
- Borrowers reaffirmed representations and warranties; all security continues for amended loans.

## SEC filing metadata
- accession: 0001104659-24-045213
- form_type: 8-K
- ticker: TPCS
- cik: 0001328792
- company_name: TECHPRECISION CORP
- filed_at: 2024-04-09T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1328792/000110465924045213/0001104659-24-045213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1328792/000110465924045213/tm2411371d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-045213
- JSON: https://secwatch.observer/filing/0001104659-24-045213.json
- Plain text: https://secwatch.observer/filing/0001104659-24-045213.txt

## Key facts
- Material Agreements
  TECHPRECISION CORP amended Seventh Amendment to Amended and Restated Loan Agreement and Third Amendment to Second Amended and Restated Promissory Note with Berkshire Bank valued at The Amendment, among other things (i) extends the maturity date of the Revolver Loan from March 20, (effective 2024-03-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Berkshire Bank
  - Value: The Amendment, among other things (i) extends the maturity date of the Revolver Loan from March 20,
  - Effective: 2024-03-20
  source text: On March 20, 2024, Ranor and certain affiliates of the Company entered into a Seventh Amendment to Amended and Restated Loan Agreement and Third Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1328792/000110465924045213/0001104659-24-045213-index.htm

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