Geospace enters $15M revolver with Woodforest; SOFR+3.25%, tangible net worth covenant at $100M

GEOSPACE TECHNOLOGIES CORP

Revolving credit facility max $15M, borrowing base on 80% eligible receivables, 90% foreign insured receivables, 25% inventory, 50% equipment orderly liquidation value.
Interest at Term SOFR plus 3.25% margin; monthly interest payments required.
Financial covenants: min consolidated tangible net worth $100M, min liquidity $5M, min current ratio 2.00:1, springing interest coverage 1.50:1.
Facility secured by substantially all borrower assets except certain excluded property; refinances prior May 2022 agreement.
Borrowers include Geospace Technologies, GTC Inc., Aquana, GER International, and Quantum Technology Sciences.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.