# Optex Systems Holdings Inc (OPXS) — divestiture/joint_venture [announced]
Source: SEC API (secapi.ai) · situation sit_344b0f15cad36c5c15cd · retrieved 2026-08-11T16:15:44.841Z

## Overview
Optex Systems Holdings Inc. is an optical instruments and lenses company that manufactures and sells optical systems and components.

Optex Systems Holdings, Inc. and its subsidiary Optex Systems, Inc. entered into a master equipment finance loan and security agreement with Texas Capital Bank on July 14, 2026. The Bank provided interim funding of $246,783 to cover the first installment of an approximately $2.1 million high vacuum coating system purchase. The First Interim Loan is secured by the Borrowers' interest in the coating system and bears interest at the secured overnight financing rate (or Base Rate at the Borrowers' election) plus 2.75%, payable monthly. The Borrowers have the option to repay the First Interim Loan or convert it into a fixed or floating rate term loan under the Master Agreement upon delivery and acceptance of the coating system. The First Interim Loan must be converted into a term loan or repaid on or before January 10, 2027. The Master Agreement requires the Borrowers to maintain a fixed charge coverage ratio of at least 1.25:1 and a total leverage ratio of 3.00:1.

## Terms
- Counterparty: Texas Capital Bank · Deal value: $246,783 · Consideration: cash

## Key dates
- Announced 2026-07-20 · Expiry 2027-01-10

## Timeline
- 2026-07-20 · 8-K (0001493152-26-033931): 8-K - Optex Systems Holdings Inc — *Optex Systems Holdings Inc. is an optical instruments and lenses company that manufactures and sells optical systems and components.* Optex Systems Holdings, Inc. and its subsidiary Optex Systems, Inc. entered into a master equipment finance loan and security agreement with Texas Capital Bank on July 14, 2026. The Bank provided interim funding of $246,783 to cover the first installment of an approximately $2.1 million high vacuum coating system purchase. The First Interim Loan is secured by the Borrowers' interest in the coating system and bears interest at the secured overnight financing rate (or Base Rate at the Borrowers' election) plus 2.75%, payable monthly. The Borrowers have the option to repay the First Interim Loan or convert it into a fixed or floating rate term loan under the Master Agreement upon delivery and acceptance of the coating system. The First Interim Loan must be converted into a term loan or repaid on or before January 10, 2027. The Master Agreement requires the Borrowers to maintain a fixed charge coverage ratio of at least 1.25:1 and a total leverage ratio of 3.00:1.
  https://www.sec.gov/Archives/edgar/data/1397016/0001493152-26-033931.txt

## Citations
- 0001493152-26-033931 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226033931