---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-22-009128"
form_type: "8-K"
ticker: "TACT"
cik: "0001017303"
company_name: "TRANSACT TECHNOLOGIES INC"
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:01:36.865190+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# TransAct extends loan maturity to 2025; new springing cash control triggered at $5M

## Summary
- Maturity extended from March 13, 2023 to March 13, 2025 via Amendment No. 2 with Siena Lending Group.
- New 'springing' deposit account control: TransAct controls cash unless Excess Availability + cash < $5M for 3 days.
- Minimum borrowings of $2.25M required while TransAct controls deposit account; otherwise interest on $2.25M.
- Amendment fee $25,000; early termination premium: 2% before Mar 2023, 1% before Mar 2024, 0% after.
- Collateral monitoring fee: $62,000 unpaid balance payable $2,000/month plus remainder at maturity.

## SEC filing metadata
- accession: 0001214659-22-009128
- form_type: 8-K
- ticker: TACT
- cik: 0001017303
- company_name: TRANSACT TECHNOLOGIES INC
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1017303/000121465922009128/0001214659-22-009128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1017303/000121465922009128/p7222208k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-22-009128
- JSON: https://secwatch.observer/filing/0001214659-22-009128.json
- Plain text: https://secwatch.observer/filing/0001214659-22-009128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.