TSS, Inc. (TSSI): debt financing — TSS subsidiary VTC adds $5M incremental term loan from Susser Bank

TSS, Inc.

Incremental $5M term loan added to existing $20M facility; same interest rate, maturity, and payment terms.
Proceeds to replenish cash used for capital expenditures and align with long-term debt financing.
Amended debt service coverage ratio covenant: minimum 1.25x, effective Q4 2025, based on EBITDA less capex, distributions, taxes.
Susser Bank remains lender; loan matures on same date as original December 2024 facility.

item 1.01 item 2.03 item 9.01

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

TSS, Inc. incurred term loan of $5,000,000 with Susser Bank.

Instrument: term loan
Principal: $5,000,000
Counterparty: Susser Bank
Event: incurrence

Exact text from the filing

an incremental term loan of $5,000,000 (the “Incremental Note”) to the $20,000,000 term loan facility (the “Note”) obtained as part of the Credit Agreement. The Incremental Note has the same terms as the Note, including but not limited to the interest rate, maturity date and payment terms as defined in the Credit Agreement.

View on SEC.gov

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

TSS, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-25-011027

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.