secwatch.observer — SEC 8-K summary
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Issuer:     Vistance Networks, Inc. (VISN)
CIK:        0001517228
Form:       8-K
Filed at:   2026-04-08T23:59:59+00:00
Accession:  0001193125-26-147622
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vistance Networks enters $300M revolving credit facility with Citibank, maturing 2031
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- Facility provides up to $300M (including $100M for letters of credit) secured by receivables and inventory.
- Borrowings at Term SOFR + 1.25-1.50% or base rate + 0.25-0.50%, based on excess availability.
- Springing covenant requires 1.00x fixed charge coverage ratio if excess availability below threshold.
- Facility may be increased by up to $150M additional commitments without existing lender consent.
- Matures April 7, 2031; proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517228/000119312526147622/0001193125-26-147622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517228/000119312526147622/visn-20260407.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-147622

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