Nortech Systems extends Bank of America credit facility to June 2026

NORTECH SYSTEMS INC

Extended $16M asset-based revolver maturity from June 2022 to June 2026.
Amendment transitions interest rate benchmark from LIBOR to BSBY rate.
Borrowing base revised: 85% eligible accounts, 70% eligible inventory, 20% WIP capped at $1.5M.
Amendment fee of $32,000 paid to Bank of America; representations reaffirmed.
No default or material adverse change; all conditions satisfied.

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