OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) Files An 8-K Entry into a Material Definitive Agreement

OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Amendment to a Material Definitive Agreement

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Optex Systems Holdings, Inc. (“the Company”) amended its revolving credit facility with Avidbank to a Seventh Amendment to Amended and Restated Loan Agreement, dated as of April 5, 2018. The substantive amendments are as follows:

The new revolving maturity date is April 21, 2020:
On April 21, 2018 and each anniversary thereof for so long as the Revolving Facility is in effect, the Company shall pay a facility fee equal to one half of one percent (0.5%) of the Revolving Line.
The Company can maintain accounts at third party banks so long as the total in those other bank accounts does not exceed 20% of the total on deposit at Avidbank, and it shall remit to Avidbank monthly statements for all of those accounts within 30 days of the end of each month.

The foregoing is a summary description of the material terms of the amendment and is qualified in its entirety by the text of the form of Amendment, attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference to this Item 1.01.

Item 1.01 Exhibit

Exhibit 99.1 Form of Amendment to Avidbank Facility


Optex Systems Holdings Inc Exhibit
EX-99.1 2 s109632_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1   SEVENTH AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT   This Seventh Amendment to Amended and Restated Loan and Security Agreement is entered into as of April __,…
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Optex Systems Holdings, Inc. manufactures optical sighting systems and assemblies, for the United States Department of Defense, foreign military applications and commercial markets. The Company operates in two segments: Optex Systems (OPX)-Richardson, and Applied Optics Center (AOC)-Dallas. The Company’s products are installed on various types of United States military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and armored security vehicles selected for installation on the Stryker family of vehicles. The Company also manufactures and delivers various periscope configurations, rifle and surveillance sights and night vision optical assemblies. Its product categories include Electronic sighting systems; Mechanical sighting systems; Laser protected plastic and glass periscopes; Non-laser protected plastic and glass periscopes, and Howitzer sighting systems. Its product line includes Periscopes, Sighting Systems, Other and Applied Optics Center.


OPTEX SYSTEMS HOLDINGS, INC. (OTCMKTS:OPXS) closed its last trading session up +0.01 at 1.00 with shares trading hands.

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