---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-011952"
form_type: "8-K"
ticker: null
cik: "0001133798"
company_name: "TX Rail Products, Inc."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:44:51.452328+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# TX Holdings obtains $500K revolving credit line, CEO personally guarantees

## Summary
- Loan effective March 13, 2024, matures March 15, 2025, with renewal option.
- Variable rate at WSJ prime + 0.45%; initial rate 8.95%.
- $176,004.51 used to pay off prior loan; $323,995.49 for operations.
- Secured by all company shares/deposits at lender; CEO William Shrewsbury guarantees up to $500K.
- Subject to positive and negative covenants and conditions.

## SEC filing metadata
- accession: 0001437749-24-011952
- form_type: 8-K
- cik: 0001133798
- company_name: TX Rail Products, Inc.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133798/000143774924011952/0001437749-24-011952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133798/000143774924011952/txhg20240413_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-011952
- JSON: https://secwatch.observer/filing/0001437749-24-011952.json
- Plain text: https://secwatch.observer/filing/0001437749-24-011952.txt

## Key facts
- Material Agreements
  TX Rail Products, Inc. entered into Revolving Line of Credit Agreement with a credit union valued at Revolving credit facility, initial drawn balance of $500,000, interest rate of 8.950%, matures March (effective 2024-03-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: a credit union
  - Value: Revolving credit facility, initial drawn balance of $500,000, interest rate of 8.950%, matures March
  - Effective: 2024-03-13
  source text: In March 2024, the company obtained a revolving line of credit agreement from a credit union. The loan agreement is effective on March 13, 2024, and will continue in full force until such time as the loan is paid in full, all related expenses paid, or until March 15, 2025, at which time the line of credit can be renewed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133798/000143774924011952/0001437749-24-011952-index.htm

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