secwatch.observer — SEC 8-K summary
======================================

Issuer:     GEOSPACE TECHNOLOGIES CORP (GEOS)
CIK:        0001001115
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001193125-22-145933
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Geospace enters $10M revolving credit facility with Amerisource and Woodforest
------------------------------------------------------------------------------

- Maximum borrowing of $10M, secured by real estate, equipment, AR, and inventory.
- Interest rate = Wall Street prime plus 4% (min 3.25%); two-year term.
- Borrowing base: 70% real estate, 50% equipment/ inventory, 80% AR.
- Requires minimum consolidated tangible net worth of $100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522145933/0001193125-22-145933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001115/000119312522145933/d272990d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-145933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer