Optex Systems renews $3M credit facility with Texas Capital Bank, maturing May 2027

Optex Systems Holdings Inc

Revolving credit line of $3 million, 24-month commitment expiring May 22, 2027.
Variable interest rate at SOFR plus margin, currently 7.07% per annum.
Covenants: fixed charge coverage ratio ≥1.25x, total leverage ≤3x; annual capex capped at $1M.
Facility secured by substantially all operating assets; includes $125,000 letter of credit sublimit.

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