Vistance Networks, Inc. 8-K Filing

On April 7, 2026, Vistance Networks, Inc. entered into a revolving credit agreement for a senior secured asset-based revolving credit facility totaling up to $300 million. This facility, provided by Citibank, N.A. and other lenders, is available to the Borrower and certain U.S. subsidiaries. The facility can be increased by up to $150 million, subject to certain conditions. Borrowings will be used for working capital and general corporate purposes. The facility matures on April 7, 2031. Interest rates are based on Term SOFR or an alternate base rate, plus an applicable margin that varies with excess availability. The agreement includes a quarterly unused line fee and customary letter of credit fees. The obligations are guaranteed by the Company and certain subsidiaries and secured by substantially all of their assets. The agreement contains standard covenants, including restrictions on mergers, indebtedness, asset sales, and dividends. A springing financial covenant requires a minimum Covenant Fixed Charge Coverage Ratio of 1.00 to 1.00 when excess availability falls below a certain threshold. Events of default include payment defaults, covenant breaches, and bankruptcy proceedings.