---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-011027"
form_type: "8-K"
ticker: "TSSI"
cik: "0001320760"
company_name: "TSS, Inc."
filed_at: "2025-09-23T23:59:59+00:00"
generated_at: "2026-05-17T05:51:48.325477+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TSS subsidiary VTC adds $5M incremental term loan from Susser Bank

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-011027
- form_type: 8-K
- ticker: TSSI
- cik: 0001320760
- company_name: TSS, Inc.
- filed_at: 2025-09-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320760/000165495425011027/0001654954-25-011027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320760/000165495425011027/tssi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-011027
- JSON: https://secwatch.observer/filing/0001654954-25-011027.json
- Plain text: https://secwatch.observer/filing/0001654954-25-011027.txt

## Key facts
- Debt Financings
  TSS, Inc. incurred term loan of $5,000,000 with Susser Bank.
  - Instrument: term loan
  - Principal: $5,000,000
  - Counterparty: Susser Bank
  - Event: incurrence
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1320760/000165495425011027/0001654954-25-011027-index.htm

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