{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-012121","form_type":"8-K","ticker":"OPXS","cik":"0001397016","company_name":"Optex Systems Holdings Inc","filed_at":"2025-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.160620+00:00","generated_at":"2026-05-20T17:55:57.025069+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Optex Systems renews $3M credit facility with Texas Capital Bank, maturing May 2027","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-012121","json":"https://secwatch.observer/filing/0001641172-25-012121.json","markdown":"https://secwatch.observer/filing/0001641172-25-012121.md","text":"https://secwatch.observer/filing/0001641172-25-012121.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/0001641172-25-012121-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T17:55:57.025069+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b201e212d499f47e3bc10eaf17a33746a01f4f18","claim":"Optex Systems Holdings Inc incurred revolving credit of $3 million with Texas Capital Bank at SOFR plus a specified margin maturing May 22, 2027.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/0001641172-25-012121-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$3 million"},{"label":"Counterparty","value":"Texas Capital Bank"},{"label":"Rate","value":"SOFR plus a specified margin"},{"label":"Maturity","value":"May 22, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}