secwatch.observer — SEC 8-K summary
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Issuer:     Optex Systems Holdings Inc (OPXS)
CIK:        0001397016
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001641172-25-012121
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/0001641172-25-012121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397016/000164117225012121/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-012121

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