TechPrecision secures $10 million financing agreement with Rosenthal Capital Group
TPCS•TechPrecision finalized a three-year, non-dilutive $10 million financing agreement with Rosenthal Capital Group on November 3, 2026. It repaid about $5.8 million under its prior credit facility, leaving $4.2 million available.
1. Financing terms
The agreement includes term loans of $3.5 million and $1.5 million, both carrying interest at the JPMorgan Chase prime rate plus 2%. A $5 million revolving line of credit charges prime plus 0.75% against accounts receivable or 1.25% against work-in-progress contract assets.
2. Financial requirement
The agreement requires TechPrecision to maintain minimum tangible net worth of $5.5 million, compared with $7.6 million as of June 30, 2026.
