SWK Holdings Corp Amends Credit Agreement; Cuts Commitments to $7.5M

What Happened
On February 12, 2026, SWK Holdings Corporation (with affiliate SWK Funding LLC), First Horizon Bank and the participating lenders entered into a Seventh Amendment to the Credit Agreement (originally dated June 28, 2023). The Amendment amends the financial covenants in the Credit Agreement and reduces the aggregate lender commitments under the facility from $10.0 million to $7.5 million, effective February 12, 2026.

Key Details

• Parties: SWK Holdings Corporation, SWK Funding LLC, First Horizon Bank (as lender and agent) and the other financial institutions party to the agreement.
• Effective date: February 12, 2026.
• Commitment change: aggregate commitments reduced from $10.0 million to $7.5 million (a $2.5 million decrease).
• The filing (Form 8-K) states the Amendment is summarized and the full amendment is filed as Exhibit 10.1.

Why It Matters
This amendment changes SWK’s borrowing capacity and revises the loan covenants that govern its credit facility. A $2.5 million reduction in available commitments can affect the company’s liquidity cushion and flexibility to draw funds under the facility. Investors should note the amended covenants and reduced commitments when assessing SWK’s short-term liquidity and covenant headroom; review the Exhibit 10.1 amendment for the full terms and any conditions tied to the covenant changes.