secwatch.observer — SEC 8-K summary
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Issuer:     TECHPRECISION CORP (TPCS)
CIK:        0001328792
Form:       8-K
Filed at:   2026-10-28T21:30:06+00:00
Accession:  0001104659-26-119706
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

TechPrecision extends $4.5M Beacon revolver to Nov 30, 2026 amid acknowledged covenant defaults
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- Sixteenth Amendment to the Amended and Restated Loan Agreement with Beacon Bank & Trust extends the $4,500,000 revolver maturity from October 16, 2026 to November 30, 2026, effective October 16, 2026.
- Borrowers acknowledge continuing Events of Default under Section 8.2: minimum Debt Service Coverage Ratio missed for 12-month periods ending Sept 30, 2023 through June 30, 2025.
- Maximum Balance Sheet Leverage covenant breached for periods ended March 31, 2024 through June 30, 2026; Beacon reserves all remedies including acceleration and default-rate interest.
- Borrowers paid Beacon a $15,000 failure-to-perform fee and $2,500 modification fee; the revolver stays interest-only at Term SOFR or Adjusted Prime, at Borrowers' election.
- Other debt: $2,850,000 Ranor term loan and $4,000,000 Stadco term loan; TechPrecision, Stadco New Acquisition, Westminster and Stadco reaffirm their guaranties.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1328792/000110465926119706/0001104659-26-119706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1328792/000110465926119706/tm2628379d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-119706

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