Optex Systems enters $2.1M equipment financing with Texas Capital Bank; receives $246,783 interim loan

Optex Systems Holdings Inc

Interim loan of $246,783 for first installment of ~$2.1M high vacuum coating system; interest at SOFR + 2.75%.
Loan secured by coating system; must be converted to term loan or repaid by Jan 10, 2027.
Master agreement includes fixed charge coverage ratio of 1.25:1 and total leverage ratio of 3.00:1.
Company expects to finance remaining installments under master agreement, but bank not obligated.
Cross-default and cross-collateralization provisions apply.

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