---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-000441"
form_type: "8-K"
ticker: "NSYS"
cik: "0000722313"
company_name: "NORTECH SYSTEMS INC"
filed_at: "2022-01-05T23:59:59+00:00"
generated_at: "2026-06-27T20:46:41.703705+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Nortech Systems extends Bank of America credit facility to June 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-000441
- form_type: 8-K
- ticker: NSYS
- cik: 0000722313
- company_name: NORTECH SYSTEMS INC
- filed_at: 2022-01-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/722313/000143774922000441/0001437749-22-000441-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/722313/000143774922000441/nsys20220105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-000441
- JSON: https://secwatch.observer/filing/0001437749-22-000441.json
- Plain text: https://secwatch.observer/filing/0001437749-22-000441.txt

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