InTest Corporation Extends Term Loan Availability in Credit Amendment
$INTT · INTEST CORPResearch Summary
AI-generated summary of this SEC filing
InTest Corporation Extends Term Loan Availability in Credit Amendment
What Happened
InTest Corporation announced on August 14, 2026 that it entered into an Eighth Amendment to its Amended and Restated Loan and Security Agreement with M&T Bank. The amendment extends the period during which the company may request advances under its term loan facility to August 28, 2028. The Eighth Amendment is filed as Exhibit 10.1 to the Form 8-K.
Key Details
- Amendment date: August 14, 2026 (Eighth Amendment to the Credit Agreement).
- Lender: M&T Bank (amendment to the existing Amended and Restated Loan and Security Agreement originally entered Oct 15, 2021 and previously amended multiple times).
- Primary change: extends the term loan advance request period to August 28, 2028.
- Filing: the Amended Credit Agreement is attached as Exhibit 10.1 to the 8-K; the report was signed by CFO Duncan Gilmour.
Why It Matters
Extending the period to request term loan advances preserves InTest’s ability to draw additional borrowed funds under its existing credit facility through August 28, 2028, which affects the company’s access to liquidity and financing flexibility. The filing does not disclose changes to pricing, principal amount limits, or covenant terms in this notice, so investors should review the full exhibit (Exhibit 10.1) or subsequent disclosures for any material changes to loan economics or covenants.