{
  "id": 17974722,
  "title": "Geospace Technologies secures $25 million credit facility, ends prior agreement",
  "url": "https://urgent.news/2026/11/03/geospace-technologies-secures-25-million-credit-facility-ends-prior",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T14:12:56.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/sec-filings/geospace-technologies-secures-25-million-credit-facility-ends-prior-agreement-93CH-4995395"
  },
  "original_language": "en",
  "account": "Geospace Technologies Corporation (NASDAQ:GEOS) recently secured a new $25 million revolving credit facility, replacing its previous $25 million agreement with Woodforest National Bank. This new agreement, signed on October 29 with Amerisource Funding, Inc., is secured by the company's assets and guarantees by its subsidiaries. The facility carries an annual commitment fee of 1.00% and a 0.25% non-usage fee, with early termination fees up to 3.00% of the total credit facility. Geospace must make monthly interest payments on borrowed funds, which accrue at the prime rate plus 3.5% per annum. The company currently has minimal debt of $0.66 million on its balance sheet and did not incur any material penalties upon repayment and termination of the prior agreement.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}