Optex Systems enters Texas Capital Bank equipment finance deal with USD 246,783 interim loan

OPXS•2026-07-20

Optex Systems Holdings entered a master equipment finance loan and security agreement with Texas Capital Bank on July 14, 2026.
Interim funding of $246,783 covers the first installment on an about $2.1 million high vacuum coating system purchase.
The loan is secured by the coating system; interest is at SOFR or a base rate + 2.75%, payable monthly.
The loan must be repaid or converted to a fixed- or floating-rate term loan by Jan. 10, 2027.
The agreement includes cross-default provisions and requires a 1.25:1 fixed charge coverage ratio and a 3.00:1 total leverage ratio.

Sources

Sec