---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021331"
form_type: "8-K"
ticker: "GEOS"
cik: "0001001115"
company_name: "GEOSPACE TECHNOLOGIES CORP"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:24:55.540634+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-021331
- form_type: 8-K
- ticker: GEOS
- cik: 0001001115
- company_name: GEOSPACE TECHNOLOGIES CORP
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001115/000143774923021331/0001437749-23-021331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001115/000143774923021331/geos20230731_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021331
- JSON: https://secwatch.observer/filing/0001437749-23-021331.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021331.txt

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