secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001493152-26-012039
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-012039

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