secwatch.observer — SEC 8-K summary
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Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2026-07-20T21:02:16+00:00
Accession:  0001493152-26-033931
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000149315226033931/0001493152-26-033931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000149315226033931/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-033931

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