XTI Aerospace subsidiaries Drone Nerds, LLC and Anzu Robotics, LLC entered into a $20 million secured revolving ABL credit facility with JPMorgan Chase Bank, N.A. on February 11, 2026, maturing February 11, 2029, to refinance $10.5 million prior loans from the Company and support general corporate purposes.
Key takeaways
Drone Nerds, LLC and Anzu Robotics, LLC entered Credit Agreement with JPMorgan Chase Bank, N.A. on February 11, 2026
ABL Facility provides up to $20 million revolving credit based on eligible accounts receivable and inventory
Maturity date February 11, 2029; optional increase up to $25 million with lender consent
Interest at CBFR plus 2% applicable margin; CBFR based on Adjusted REVSOFR30 Rate or Prime Rate
Proceeds to repay $10.5 million prior Company loans to Borrowers and for general corporate purposes
Obligations guaranteed by Loan Parties and secured by substantially all personal property assets