TELOS CORP
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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10. Revolving Credit Facility
- REVOLVING CREDIT FACILITY
For the complete description of the Company's revolving credit facility, refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2025. The Company’s Credit Agreement with JPMorgan Chase Bank was amended on December 30, 2025. The amended Credit Agreement provides a revolving borrowing capacity of $15.0 million, with an expansion feature of up to $15.0 million of additional credit facility, maturing on December 30, 2026. Borrowings under the revolving facility will bear interest at a rate established on the Credit Agreement, plus a commitment fee rate of 0.25% on the unused credit availability. Further, the Credit Agreement requires the Company to comply with a number of covenants, including a Senior Leverage Ratio on the last day of any fiscal quarter. At September 30, 2026, we are in compliance with all covenants.
As of September 30, 2026, there wereno outstanding borrowings under the revolving credit facility.
On November 6, 2026, the Company entered into a Third Amendment to the Credit Agreement with JPMorgan Chase Bank, extending the maturity date of its revolving credit facility bytwo years, through December 29, 2028.
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