---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-012039"
form_type: "8-K"
ticker: "NSYS"
cik: "0000722313"
company_name: "NORTECH SYSTEMS INC"
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:26:03.079590+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-012039
- form_type: 8-K
- ticker: NSYS
- cik: 0000722313
- company_name: NORTECH SYSTEMS INC
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-012039
- JSON: https://secwatch.observer/filing/0001493152-26-012039.json
- Plain text: https://secwatch.observer/filing/0001493152-26-012039.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm

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