Optex Systems Holdings Inc (OPXS): debt financing — 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.

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

Optex Systems Holdings Inc incurred revolving credit of $3 million with Texas Capital Bank at SOFR plus a specified margin maturing May 22, 2027.

Instrument: revolving credit
Principal: $3 million
Counterparty: Texas Capital Bank
Rate: SOFR plus a specified margin
Maturity: May 22, 2027
Event: incurrence

Exact text from the filing

On May 21, 2025, Optex Systems Holdings, Inc., a Delaware corporation (the “Company”), and its subsidiary, Optex Systems, Inc. (“Optex”, and with the Company, the “Borrowers”), renewed their existing credit facility (the “Credit Facility”) with Texas Capital Bank (the “Lender”) by entering into a new Business Loan Agreement (the “Loan Agreement”) effective May 22, 2025, pursuant to which the Lender will continue to make available to the Borrowers a revolving line of credit in the principal amount of $3 million.

View on SEC.gov

114 debt financings filed in the last 30 days. Browse all debt financings →

Optex Systems Holdings Inc filing history →

Source: SEC EDGAR

accession 0001641172-25-012121

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.