Optex Systems Holdings, Inc., a Delaware-based corporation, along with its subsidiary, Optex Systems, Inc., has renewed its existing credit facility with Texas Capital Bank. Effective May 22, 2025, the new Business Loan Agreement establishes a revolving line of credit amounting to $3 million, with a commitment period of 24 months, expiring on May 22, 2027. The interest on the outstanding advances will accrue at a variable rate, currently set at 7.07% per annum. The agreement includes customary covenants, a fixed charge coverage ratio of at least 1.25:1, and a total leverage ratio of 3:1. Additionally, the facility is secured by the Borrowers' operating assets and includes a $125,000 Letter of Credit sublimit.
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