---
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"
generated_at: "2026-05-20T17:55:57.025069+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-012121
- JSON: https://secwatch.observer/filing/0001641172-25-012121.json
- Plain text: https://secwatch.observer/filing/0001641172-25-012121.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/0001641172-25-012121-index.htm

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