XTI Aerospace, Inc. (XTIA): debt financing — XTI subsidiary Drone Nerds secures $20M JPMorgan ABL facility

XTI Aerospace, Inc.

ABL facility provides up to $20M revolving borrowing base on AR and inventory, matures Feb 11, 2029.
Proceeds to repay $10.5M of intercompany loans; balance for working capital and dividends.
Facility includes $25M accordion feature subject to lender consent.
Interest at CBFR plus 2% margin; protective advances at CBFR plus 4%.
Financial covenant: Fixed Charge Coverage Ratio >= 1.0x, with equity cure right.

item 1.01 item 2.03 item 3.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

XTI Aerospace, Inc. incurred revolving credit of $20 million with JPMorgan Chase Bank, N.A. at CBFR plus the applicable margin of 2% maturing February 11, 2029.

Instrument: revolving credit
Principal: $20 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: CBFR plus the applicable margin of 2%
Maturity: February 11, 2029
Event: incurrence

Exact text from the filing

Credit Agreement”) with the other Loan Parties party thereto and JPMorgan Chase Bank, N.A. (the “Lender”). The “Loan Parties” include the Borrowers, the Borrowers’ U.S.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XTI Aerospace, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at up to $20 million (effective 2026-02-11).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: up to $20 million
Effective: 2026-02-11

Exact text from the filing

On February 11, 2026, Drone Nerds, LLC, a Florida limited liability company (“Drone Nerds”) and subsidiary of XTI Aerospace, Inc. (the “Company”), and Anzu Robotics, LLC, a Delaware limited liability company and subsidiary of the Company (“Anzu”; Drone Nerds and Anzu, collectively, the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with the other Loan Parties party thereto and JPMorgan Chase Bank, N.A. (the “Lender”).

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-016941

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