TechPrecision extends revolver maturity to May 2026; acknowledges ongoing covenant defaults

TECHPRECISION CORP

Revolver line of credit maturity extended from Jan 16, 2026 to May 15, 2026; maximum principal $4.5M.
Borrowers acknowledged existing defaults: failure to meet debt service coverage ratio for 8 periods and balance sheet leverage for 7 periods.
Lender Beacon Bank reserves all rights, including acceleration and default interest, despite the amendment.
Borrowers paid a $7,500 modification fee and all reasonable legal expenses of the lender.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TECHPRECISION CORP amended Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note with Beacon Bank & Trust (successor by merger to Berkshire Bank) valued at Extension of maturity date of Revolver Loan from January 16, 2026 to May 15, 2026 (effective 2026-01-12).

Action: amendment
Agreement: credit facility
Counterparty: Beacon Bank & Trust (successor by merger to Berkshire Bank)
Value: Extension of maturity date of Revolver Loan from January 16, 2026 to May 15, 2026
Effective: 2026-01-12

Exact text from the filing

On January 12, 2026, Ranor and the other Borrowers entered into a Thirteenth Amendment to Amended and Restated Loan Agreement and Ninth Amendment to Second Amended and Restated Promissory Note (the “ Amendment ”) with Beacon Bank & Trust, successor by merger to Berkshire Bank (“ Beacon ”).

View on SEC.gov

294 material agreements filed in the last 30 days. Browse all material agreements →

TECHPRECISION CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-003736

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.