Nortech Systems enters $15M revolver, $2.2M term loan with Associated Bank, maturing 2029

NORTECH SYSTEMS INC

Revolver up to $15M subject to borrowing base (AR, inventory, fixed assets); term loan $2.2M.
Replaces existing facility due Aug 2026; new facility and term loan mature March 2029.
Interest: SOFR + 2.00% (revolver) or + 2.25% (term loan), at borrower's option.
Covenants include Fixed Charge Coverage Ratio of 1.10:1; restricts dividends, debt, asset sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORTECH SYSTEMS INC entered into Associated Facility with Associated Bank, National Association valued at $15,000,000 (effective 2026-03-20).

Action: entry
Agreement: credit facility
Counterparty: Associated Bank, National Association
Value: $15,000,000
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000

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NORTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001493152-26-012039

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