TechPrecision Corporation filed a Form 8-K on October 28, 2026, disclosing that its wholly owned subsidiary Ranor, Inc. entered into a sixteenth amendment to its revolving credit agreement with Beacon Bank and Trust, extending the revolver loan maturity date to November 30, 2026.

Key Highlights

  • Amendment executed: The Sixteenth Amendment to Amended and Restated Loan Agreement was executed on October 22, 2026, and was effective as of October 16, 2026.
  • Maturity extended: The revolving line of credit maturity date was extended from October 16, 2026 to November 30, 2026.
  • Revolver maximum: The revolving line of credit currently has a maximum principal amount of $4,500,000, according to the filing.
  • Lender: Beacon Bank and Trust, successor by merger to Berkshire Bank, is the lender under the Amended and Restated Loan Agreement.
  • Original agreement date: The Amended and Restated Loan Agreement was originally entered into on August 25, 2021.
  • Borrowers: Parties to the amendment include Ranor, Inc., Stadco New Acquisition, LLC, Stadco, and Westminster Credit Holdings, LLC.

Ranor's Revolving Credit Line Extended Through November 2026

TechPrecision Corporation (NASDAQ:TPCS), headquartered in Westminster, MA, disclosed in its October 28, 2026 Form 8-K filing that Ranor, Inc., a wholly owned subsidiary, along with certain affiliates of the company acting as co-borrowers, entered into the Sixteenth Amendment to the Amended and Restated Loan Agreement with Beacon Bank and Trust on October 22, 2026. The amendment was effective as of October 16, 2026, the prior maturity date of the revolving credit facility.

According to the filing, the amendment's primary effect is to extend the maturity date of the revolving line of credit from October 16, 2026 to November 30, 2026. The revolver currently carries a maximum principal amount of $4,500,000. The Amended and Restated Loan Agreement has been in place since August 25, 2021, and this amendment represents the sixteenth modification to that agreement. The filing also noted it constitutes the Twelfth Amendment to the Second Amended and Restated Promissory Note.

The filing states that, other than in connection with the Amended and Restated Loan Agreement, the related promissory notes, security and guaranty documents, and the previously disclosed past borrowing relationship, "there is no material relationship" between Ranor, TechPrecision, and the other affiliates, on the one hand, and Beacon Bank and Trust, on the other hand. The full text of the amendment was filed as Exhibit 10.1 and incorporated by reference. The report was signed by Phillip E. Podgorski, Chief Financial Officer.

What Was Disclosed

TechPrecision Corporation disclosed that its subsidiary Ranor, Inc. and affiliated borrowers amended their revolving credit agreement with Beacon Bank and Trust, extending the $4,500,000 revolver's maturity date from October 16, 2026 to November 30, 2026, effective October 16, 2026.