secwatch.observer — SEC 8-K summary
======================================

Issuer:     Koil Energy Solutions, Inc. (KLNG)
CIK:        0001110607
Form:       8-K
Filed at:   2026-05-22T21:25:42+00:00
Accession:  0001683168-26-004277
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Koil Energy secures $5M asset-based revolving credit facility with nFusion Capital Finance
--------------------------------------------------------------------------------

- Facility provides up to $5M at 85% advance rate on eligible accounts; interest = WSJ prime + 4.75% (floor 6.75%).
- 12-month initial term with automatic annual renewals; secured by first-priority lien on substantially all personal property.
- Replaces prior factoring arrangement, which has been repaid and terminated; no outstanding financial debt beyond lease obligations.
- Proceeds to support working capital and expand high-margin rental equipment fleet; fees include 1.0% loan fee, 0.25% monthly monitoring fee.
- Lender nFusion Capital Finance, LLC is an Austin-based private working capital finance company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1110607/000168316826004277/0001683168-26-004277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1110607/000168316826004277/koil_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-004277

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer