ZRCN enters $12.5M senior secured revolving credit facility with Altriarch Holdings; $7.5M drawn

ZRCN Inc.

Loan Agreement provides $12.5M revolving credit facility, maturing March 17, 2029, with option to extend one year.
Interest rate is lesser of Maximum Rate or 3-month SOFR + 8.75%; monthly interest payments begin April 14, 2026.
Prepayment premium of 1.50%/1.00%/0.50% if terminated in year 1/2/3; waived if refinanced by FDIC bank after year 2.
CEO John Stauss is limited guarantor; four largest shareholders pledge common stock as collateral under a Pledge Agreement.
Facility replaces $15M FGI Worldwide loan; proceeds to be used for working capital and debt discharge.

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

ZRCN Inc. entered into Loan Agreement with Altriarch Holdings SPV, LLC valued at $12.5 million senior secured revolving credit facility (effective 2026-03-17).

Action: entry
Agreement: credit facility
Counterparty: Altriarch Holdings SPV, LLC
Value: $12.5 million senior secured revolving credit facility
Effective: 2026-03-17

Exact text from the filing

On March 17, 2026 (the “Effective Date”), ZRCN Inc., a Delaware corporation (the “Company”), and its wholly owned subsidiary, Zircon Corporation, a California corporation (“Zircon” and collectively with the Company, the “Debtor”), entered into a Loan and Security Agreement (the “Loan Agreement”) with Altriarch Holdings SPV, LLC, as lender (“Lender”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001493152-26-012118

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.