TechPrecision Corporation filed a current report with the SEC on September 21, 2026, disclosing that its wholly owned subsidiary Ranor, Inc. and affiliated borrowers entered into an amendment extending the maturity date of a revolving line of credit with Beacon Bank & Trust.

Key Highlights

  • Amendment executed: The Fifteenth Amendment to the Amended and Restated Loan Agreement was executed on September 15, 2026.
  • Maturity extended: The revolving line of credit maturity date was extended from September 15, 2026 to October 16, 2026.
  • Maximum principal: The revolving line of credit currently carries a maximum principal amount of $4,500,000.
  • Lender: Beacon Bank & Trust, successor by merger to Berkshire Bank, is the lender under the facility.
  • Borrowers: Ranor, Inc., Stadco New Acquisition, LLC, Stadco, Westminster Credit Holdings, LLC, and TechPrecision affiliates are party to the agreement.
  • Signed by: Chief Financial Officer Phillip E. Podgorski executed the filing on behalf of TechPrecision Corporation.

TechPrecision Subsidiary Ranor Amends Revolving Credit Agreement with Beacon Bank

TechPrecision Corporation (NASDAQ:TPCS), a Delaware-incorporated manufacturer headquartered at 1 Bella Drive, Westminster, MA 01473, disclosed through its subsidiary Ranor, Inc. that it entered into a short-term extension of an existing revolving credit facility. According to the filing, the original Amended and Restated Loan Agreement with Beacon Bank & Trust was first put in place on August 25, 2021, and has been amended multiple times since then. The current amendment, described as the Fifteenth Amendment to the Amended and Restated Loan Agreement, was executed on September 15, 2026, the same day the prior maturity date was set to expire.

The filing states that the Amendment's primary effect is to extend the revolving line of credit maturity date by approximately one month, from September 15, 2026 to October 16, 2026. The facility's maximum principal amount remains $4,500,000, according to the disclosure. The borrowers under the agreement include Ranor, Inc., Stadco New Acquisition, LLC, Stadco, and Westminster Credit Holdings, LLC, all of which are identified as affiliates of TechPrecision. The filing notes that aside from the existing loan documents and prior borrowing history, "there is no material relationship" between the company and Beacon Bank & Trust. The full text of the Amendment is attached to the filing as Exhibit 10.1.

What Was Disclosed

TechPrecision Corporation reported that Ranor, Inc. and affiliated entities entered into the Fifteenth Amendment to an existing revolving credit agreement with Beacon Bank & Trust, extending the loan's maturity from September 15, 2026 to October 16, 2026, on a facility with a $4,500,000 maximum principal amount.