---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001041"
form_type: "8-K"
ticker: "NSSC"
cik: "0000069633"
company_name: "NAPCO SECURITY TECHNOLOGIES, INC"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:55:28.959112+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Napco Security amends credit agreement, extends term to 2029 and doubles revolver to $20M

## Summary
- Term of revolving credit facility extended from June 2024 to February 9, 2029.
- Revolving credit line increased from $11 million to $20 million.
- LIBOR benchmark replaced with SOFR benchmark rate under the amended agreement.
- Agreement with HSBC Bank USA, effective February 9, 2024.

## SEC filing metadata
- accession: 0001558370-24-001041
- form_type: 8-K
- ticker: NSSC
- cik: 0000069633
- company_name: NAPCO SECURITY TECHNOLOGIES, INC
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/69633/000155837024001041/0001558370-24-001041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/69633/000155837024001041/nssc-20240209x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001041
- JSON: https://secwatch.observer/filing/0001558370-24-001041.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001041.txt

## Key facts
- Material Agreements
  NAPCO SECURITY TECHNOLOGIES, INC amended Fourth Amended and Restated Credit Agreement with HSBC Bank USA National Association valued at $20,000,000 (effective 2024-02-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: HSBC Bank USA National Association
  - Value: $20,000,000
  - Effective: 2024-02-09
  source text: On February 9, 2024 the Registrant and its primary bank, HSBC Bank USA National Association (“HSBC”), agreed to amend and restate the existing Third Amended and Restated Credit Agreement (“Agreement”) dated June 29, 2012, as amended, between the Registrant and HSBC with the Fourth Amended and Restated Credit Agreement (“Amended Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/69633/000155837024001041/0001558370-24-001041-index.htm

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