INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC): debt financing — IS&S enters new $100M credit facility with JPMorgan, replacing $35M line

INNOVATIVE SOLUTIONS & SUPPORT INC

New credit agreement provides $30M revolver, $25M term loan, and $45M delayed draw term loan.
Facility matures in five years; interest at SOFR plus 175-275 bps based on leverage ratio.
Proceeds refinanced existing $35M PNC line and pay transaction costs; delayed draw for acquisitions.
Includes accordion feature to request up to $25M in additional loan commitments.
CFO cites expanded liquidity and improved flexibility to execute long-term growth strategy.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

INNOVATIVE SOLUTIONS & SUPPORT INC incurred credit facility of up to USD $100.0 million with JPMorgan Chase Bank, N.A. at Adjusted Term Secured Overnight Financing Rate (“SOFR”) plus an applicable margi maturing five years following the date of the initial advance.

Instrument: credit facility
Principal: up to USD $100.0 million
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Adjusted Term Secured Overnight Financing Rate (“SOFR”) plus an applicable margi
Maturity: five years following the date of the initial advance
Event: incurrence

Exact text from the filing

On July 18, 2025, Innovative Solutions and Support, Inc. (the “Company”), its wholly-owned subsidiary Innovative Solutions and Support, LLC (“Borrower”) and certain domestic subsidiaries entered into a Credit Agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. (the “Bank”) and the other lender parties thereto, which Credit Agreement provides for the Bank to extend to the Borrower credit facilities in an aggregate principal amount of up to USD $100.0 million (the “Credit Facilities”)

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Source: SEC EDGAR

accession 0001558370-25-009373

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