secwatch.observer — SEC 8-K summary
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Issuer:     TSS, Inc. (TSSI)
CIK:        0001320760
Form:       8-K
Filed at:   2025-09-23T23:59:59+00:00
Accession:  0001654954-25-011027
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320760/000165495425011027/0001654954-25-011027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320760/000165495425011027/tssi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-011027

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