Telos Corporation Amends Credit Agreement with JPMorgan Chase, Reduces Facility Size to $15 Million
Telos Corporation has amended its credit agreement with JPMorgan Chase, reducing its revolving credit facility to $15 million while extending the maturity date to December 30, 2026. The company reported a 116% year-over-year revenue increase for Q3 2025, achieving $51.4 million, and secured a significant $151 billion contract with the Missile Defense Agency, prompting analysts to raise their price targets for the stock.
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Telos Corporation has amended its credit agreement with JPMorgan Chase Bank, reducing its revolving credit facility to $15 million, with an option to expand by an additional $15 million. The maturity date is extended to December 30, 2026, with interest rates set at 1.25% for ABR Loans and 2.25% for Term Benchmark/RFR Loans.
The company must maintain at least $5 million in unrestricted cash with JPMorgan Chase Bank. Telos reported a third-quarter 2025 revenue of $51.4 million, a 116% year-over-year increase, exceeding guidance.
The company also achieved a 19.6% EBITDA margin and secured a significant contract with the Missile Defense Agency valued at $151 billion. Analysts have responded with price target increases, with DA Davidson raising its target to $7.50 and BMO Capital to $8.00.
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