NAPCO Security extends HSBC credit line to 2029 and raises revolver to $20 million
NAPCO Security Technologies and its primary bank, HSBC Bank USA, agreed on February 9, 2024 to amend and restate the existing credit agreement. The amendment extends the agreement's term to February 9, 2029 and raises the available revolving credit line from $11 million to $20 million, which gives the company more borrowing capacity for a longer period.
Key points
- Agreement term extended from June 28, 2024 to February 9, 2029
- Revolving credit line increased from $11 million to $20 million
- LIBOR benchmark rate replaced with SOFR benchmark rate
- Fourth Amended and Restated Credit Agreement filed as Exhibit 4.11
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 13, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.