Nortech Systems Incorporated entered into Waiver and Amendment No. 4 to its credit agreement with Bank of America, N.A. on Feb. 27, 2026. The amendment waives certain financial covenant defaults tied to leverage, fixed charge coverage and EBITDA for the quarter ended Dec. 31, 2025, and revises multiple loan terms including borrowing base mechanics, financial covenants, revolving commitment levels and the applicable borrowing rate. The company said it is also negotiating a new asset-backed lending facility and expects to close it in the near term.

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