Nortech Systems amends $15 million credit line with Bank of America

Nortech Systems Incorporated (NASDAQ:NSYS) announced this week that it has amended its $15 million senior secured revolving line of credit with Bank of America, NA. According to a statement in a recent SEC filing, the expiration date of the credit facility has been extended to August 31, 2026. The amendment was executed on Tuesday. The credit facility represents a significant portion of the company’s $21.01 million total debt, though InvestingPro data shows a healthy current ratio of 2.77, indicating strong short-term liquidity.

The company, which is based in Maple Grove, Minnesota, reported the agreement as part of a material definitive agreement in its Form 8-K. No other terms of the credit facility were disclosed in the filing. The $22.63 million market cap company generated revenues of $120.81 million in the last twelve months.

Nortech Systems’ common stock trades on the NASDAQ Capital Market under the ticker symbol NSYS. The amendment was signed by Andrew D.C. LaFrence, Senior Vice President of Finance and Chief Financial Officer.

This information is based on a press release statement contained in the company’s SEC filing.

In other recent news, Nortech Systems Incorporated reported a notable decline in net sales for the first quarter of 2025. The company attributed this drop to ongoing challenges in customer demand and geopolitical uncertainties. Despite these setbacks, Nortech has introduced new fiber optic technologies as part of its commitment to innovation. The company also outlined plans to enhance operational efficiency, indicating a strategic restructuring to address current market conditions. These recent developments highlight Nortech’s focus on adapting to a changing business environment.

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