Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Optex Systems Holdings Inc amended revolving credit of increase from $1.125 million to $2.0 million with PNC Bank, National Association at prime rate minus 0.25% maturing April 15, 2023.
- Instrument
- revolving credit
- Principal
- increase from $1.125 million to $2.0 million
- Counterparty
- PNC Bank, National Association
- Rate
- prime rate minus 0.25%
- Maturity
- April 15, 2023
- Event
- amendment
Exact text from the filing
On November 21, 2022, Optex Systems Holdings, Inc., a Delaware corporation (the “Company”) and its subsidiary Optex Systems, Inc. (“Optex”, and with the Company, the “Borrowers”) issued an Amended and Restated Revolving Line of Credit Note (the “Line of Credit Note”) to PNC Bank, National Association, successor to BBVA USA (the “Lender”), in connection with an increase of the Borrowers’ revolving line of credit facility from $1.125 million to $2.0 million under the Borrowers’ existing Amended and Restated Loan Agreement with the Lender (the “Loan Agreement”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
Optex Systems Holdings Inc amended Amended and Restated Revolving Line of Credit Note with PNC Bank, National Association valued at $2.0 million (effective 2022-11-21).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- $2.0 million
- Effective
- 2022-11-21
Exact text from the filing
On November 21, 2022, Optex Systems Holdings, Inc., a Delaware corporation (the “Company”) and its subsidiary Optex Systems, Inc. (“Optex”, and with the Company, the “Borrowers”) issued an Amended and Restated Revolving Line of Credit Note (the “Line of Credit Note”) to PNC Bank, National Association, successor to BBVA USA (the “Lender”), in connection with an increase of the Borrowers’ revolving line of credit facility from $1.125 million to $2.0 million under the Borrowers’ existing Amended and Restated Loan Agreement with the Lender (the “Loan Agreement”).
View on SEC.gov