secwatch.observer — SEC 8-K summary
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Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001493152-22-010252
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optex Systems amends credit facility; reduces revolver to $1.125M, extends maturity to April 2023
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- Revolving credit facility decreased from $2.25M to $1.125M.
- Maturity extended from April 15, 2022 to April 15, 2023.
- Interest rate at prime minus 0.25%; facility secured by substantially all operating assets.
- Fixed charge coverage ratio covenant of at least 1.25:1 required.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000149315222010252/0001493152-22-010252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000149315222010252/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-010252

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